Today's View - March 28, 2020 - New Market Md. detached homes

By
Real Estate Agent with Weichert - McKenna & Vane MD581725

Today’s View – Mar. 28, 2020 – New Market, Md. 21774 – Detached Homes

This is a market report for existing detached homes in New Market, Md. 21774.  At the time of this report (03/28/2020) not including new construction 22 such homes are on the market FOR SALE, another 42 under contract, and 19 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is 1.15 which is considered a seller’s market.

Last week only 5 were added to the market, 2 went under some form of contract, and 2 successfully completed the sale process. 

While the minimum lot size is just .04 acres and the maximum lot size is 1.6 acres, the median is .23 acres.

 

Two Bedroom Home

Currently, there are no two-bedroom existing detached homes in New Market on the market for sale and none have successfully complete the last process in the last 30 days.

There are 1 two-bedroom existing detached homes in New Market that are under some form of contract.   The last known list price of this home is $265,000 and it was on the on the market for only 3 days. $290,000 to $575,000 with the median being $359,900.  The days on market for these homes ranges new to the market (3 days)/

 

Three Bedrooms Home

Currently, there are 9 three-bedroom existing detached homes in New Market on the market for sale.  These homes range in price from a low of $280,000 to $499,000, with the median price being $390,900.  The days on market for these homes ranges from new to the market (4 days) to 4.5 months (136 days) with the median being 1 month (32 days).

There are 14 three-bedroom detached homes in New Market that are under some form of contract.   The last known list price of these homes ranged from $290,000 to $429,900 with the median being $354,950.  The days on market for these homes ranges new to the market (3 days) to 3.5 months (108 days) with the median being 3 weeks (19 days). 

In the last 30 days, 8 three-bedroom detached homes in New Market have successfully completed the sales process.  The closing prices of these homes ranged from $272,000 to $575,000, with the median being $349,200.  The days on market for these homes ranged from new to the market (3 day) to 7.5 months (223 days) with the median being 2.5 months (79 days).

 

Four Bedroom Homes

There are 6 four-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $449,990 to $760,000, with the median being $562,495.  The days on the market for these homes range from new to the market (2 days) to 5.5 months (163 days) with the median being 3 weeks (22 days).

There are 18 four-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $379,999 to $624,925, with the median being $494,995.  The days on market for these homes ranged from new to the market (1 day) to approaching 8.5 months (252 days) with the median being 1 week (5 days).

In the last 30 days, 10 four-bedroom existing detached homes in New Market have successfully completed the sales process. The closing price of these homes ranged from $315,000 to $670.000, with the median being $461,000.  The days on market for these homes ranged from new to the market (1 days) to 4 months (121 days) with the median being 2 weeks (15 days).

 

Five Bedroom Homes

Currently, there are 5 five-bedroom detached homes in New Market on the market for sale. These homes range in price from a low of $450,000 to $580,000, with the median being $475,000.  The days on the market for these homes range from new to the market (2 days) to 8 months (239 days) with the median being 3 weeks (24 days).

There are currently 9 five-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $400,000 to $1,150,000, with the median being $495,900.  The days on market for these homes ranged from new to the market (3 days) to approaching 4.5 months (137 days) with the median being 1 month (28 days).

In the last 30 days, 1 five-bedroom existing detached home in New Market has successfully completed the sales process.   The closing price of these home is $444.000,000 after being on the market for approaching 4.5 months (129 days).

 

Six Bedroom Homes

Currently, there is 1 six-bedroom existing detached home on the market for sale in New Market. This home is currently listed for $650,000 and has been on the market for 2.5 months (74 days).

Currently, there is 1 six-bedroom existing home in New Market under some form of contract.  The last known list price of this home is $565,000 and has been on the market for 4.5 months (138 days).

In the last 30 days, no six-bedroom existing detached home has successfully completed the sale process New Market, Md.

 

Seven Bedroom Homes

Currently, there is just 1 seven-bedroom existing detached home on the market for sale in New Market This home is currently listed at $834,800 after being on the market for 4 months (128 days).

There are no seven-bedroom existing detached home in New Market under some form of contract, and none have successfully completed the sales process either.

 

If you have any questions about this report, please contact me.  I look forward to helping you with your real estate needs.  Similar posts can be found on my blog talking about townhouses in New Market and homes in the surrounding area as well.

Posted by

Robert J. Force
Weichert Realtors - McKenna & Vane
108 E. Ridgeville Blvd           
Mount Airy, Md. 21771 

            
(301) 237-2277  (c)
(301) 703-8605  (O)

My Website

 

Hope this was of some value to you.

Please ICE your cellphones!

May this FORCE be with you

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Topic:
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Location:
Maryland Frederick County New Market
Groups:
1st Time Buyers
WEICHERT, REALTORS - New Colony
The Ninety-ninth Percentile
2020 Market Reports
Tags:
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detached homes
march 2020

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Rainmaker
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

Mar 29, 2020 01:17 AM #1
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Home buyers and sellers in your vicinity are sure to appreciate your market report, Bob!

Mar 29, 2020 01:26 AM #2
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Bob. Thanks for your market update. Interesting numbers. Enjoy your day!

Mar 29, 2020 04:28 AM #3
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Bob Force (REALTOR®)

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