Today's View - July 16, 2020 - Mount Airy, Md detached homes

By
Real Estate Agent with Century 21 - Redwood Realty MD581725

Today’s View – July 16, 2020 – Mt. Airy, Md. 21771 – Detached Homes

This is a market report for existing detached homes in Mt. Airy, Md. 21771.  At the time of this report (7/16/2020) not including new construction 25 such homes are on the market FOR SALE, another 82 under contract, 47 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is .53 which is considered a seller’s market

While the minimum lot size is just .08 acres and the maximum lot size is 50 acres, the median is .95 acres.

Of those active, 5 came to market in the last week. Of those under contact, 13 went under contact last week, and 5 of the 47 sold completed the process last week.

 

Two Bedrooms Homes

There is 1 two-bedroom existing detached home in Mount Airy on the market for sale currently.  This home is currently listed for $315,000 after being on the market for 1 month (34 days).

There are 2 two-bedroom existing detached homes under some form of contract at this time. The last know list price of these homes range from $209,900 after being on the market for 8 months (242 days) and $290,000 after being on the market for 1 month ( 36 days).

In the last 30 days, 1 two-bedroom existing detached homes has successfully completed the sales process in Mount Airy.  This homes sold for $435,000 after being on the market for approaching 2 months (52 days).

 

Three Bedrooms Homes

There are 8 three-bedroom existing detached homes in Mount Airy on the market for sale. These homes range in price from a low of $259,000 to $425,000, with the median price being $369,900.  The days on market for these homes range from new to the market (2 days) to 15 months (458 days) with the median approaching 2 weeks (11 days).

There are 25 three-bedroom detached homes in Mount Airy that are under some form of contract.  The last known list price of these home ranges from $205,000 to $474,900, with the median being $369,900.  The days on market for these homes ranged from new to the market (1 day) to 13 months (389 days) with the median being 1 weeks (8 days). 

In the last 30 days, 13 three-bedroom detached homes in Mount Airy have successfully completed the sales process. The closing price of these homes ranged from $275,000 to $650,000 with the median being $390,000.  The days on market ranged from new to the market (1 day) to approaching 2.5 months (70 days), with the median being 1 week (8 days). 

 

Four Bedroom Homes

There are 9 existing detached four-bedroom homes on the market for sale in Mount Airy. These homes range in price from a low of $329,000 to $2,950,000, with the median being $549,900.  The days on the market for these homes range from new to the market (2 days) to 18.5 months (565 days) with the median approaching 3 weeks (17 days).

There are 40 four-bedroom detached homes in Mount Airy that are currently under some form of contract.  The last known list price of these homes ranged from $300,000 to $1,150,000, with the median being $462,000.  The days on market for these homes ranged from new to the market (1 day) to approaching 8 months (230 days) with the median being 1 week (9 days).

In the last 30 days, 23 four-bedroom existing detached homes in Mount Airy have successfully completed the sales process. The closing price of these homes ranged from $425,000 to $955,000, with the median being $530,000.  The days on market for these homes ranged from new to the market (2 days) to 4 months (126 days) with the median being 1 week (7 days).

 

Five Bedroom Homes

There are 4 five-bedroom existing detached homes in Mount Airy on the market for sale. The current list price of these home ranges from a low of $389,900 to $1,800,000 with the median being $786,950.  The days on market for these homes ranged from 1 month (36 days) to 4 months (119 days) with the median approaching 2.5 months (70 days).

There are 13 five-bedroom existing detached homes in Mount Airy that are currently under some form of contract.  The last known price of these home ranges from a low of $344,900 to $1,800,000, with the median being $674,900.  The days on market for these homes ranged from approaching 1 week (5 days) to 17 months (510 days) with the median being 2 weeks (15 days).

In the last 30 days, 10 five-bedroom existing detached homes in Mount Airy have successfully completed the sales process.  The closing price of these homes ranged from $435,500 to $900,000, with the median being $601,950.  The days on market for these homes ranged from approaching 1 week (3 days) to 2 months (67 days) with the median being 3 weeks (25 days).

 

Six Bedroom Homes

There are 2 six-bedroom existing detached homes in Mount Airy on the market for sale. The current list price of these homes are $750,000, after being on the market for 5.5 months (163 days) and $759,000 after being on the market for 1 month (28 days).

There are 2 six-bedroom existing detached homes in Mount Airy currently under some form of contract.  The last know list price of these homes being $584,900 and it was on the market for under a week (3 days) and $624,900 after being on the market for approaching 1 week (5 days).

No six-bedroom existing detached home in Mount Airy has completed the sales process in the last 30 days.

 

Seven Bedroom Homes

There is 1 seven-bedroom detached homes in Mount Airy currently on the market for sale.  This home is currently listed for $249,900 after being on the market for 3.5 months (105 days).

There are no seven-bedroom existing detached homes in Mount Airy under any form of contact and none that have successfully completed the sales process in the last 30 days

 

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 Mount Airy and homes in the surrounding area as well.

 

Posted by

Robert J. Force
Century 21 - Redwood Realty
8 2nd St. Suite 100         
Frederick Md. 21701 

            
(301) 237-2277  (c)
(301) 685-0664  (O)

 

 

Hope this was of some value to you.

Please ICE your cellphones!

May this FORCE be with you

Comments (2)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Bob. Supply is definitely very low. For buyers may the "Force" be with you. Enjoy your day! 

Jul 17, 2020 04:54 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Mount Airy home buyers and sellers are sure to value your real estate market report, Bob!

Jul 17, 2020 06:38 PM

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