Today's View - Nov. 27, 2020 - New Market, Md. Detached homes

Today’s View – Nov 27, 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 (11/27/2020) not including new construction 9 such homes are on the market FOR SALE, another 42 under contract, and 23 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is .39 which is considered a seller’s market.

While the minimum lot size is just .11 acres and the maximum lot size is 57.68 acres, the median is .23 acres.

Two Bedroom Home

Currently, there are 2 two-bedroom existing detached homes in New Market under some form of contract.  The last know list price of these homes being $200,000 after being on the market for 2 months (57 days), and $370,000 after being on the market for less than a week (3 days).

Three Bedrooms Home

Currently, there are 4 three-bedroom existing detached homes in New Market on the market for sale.  These homes range in price from a low of $304,900 to $409,000, with the median price being $357,000.  The days on market for these homes ranges from 3 weeks (22 days) to 2.5 months (76 days) with the median being 1.5 months (45 days).

There are 19 three-bedroom detached homes in New Market that are under some form of contract.   The last known list price of these homes ranged from $250,000 to $1,196,000 with the median being $409,900.  The days on market for these homes ranges new to the market (2 days) to 3 weeks (19 days) with the median being a week (5 days). 

In the last 30 days, 10 three-bedroom detached homes in New Market have successfully completed the sales process.  The closing prices of these homes ranged from $307,520 to $515,000, with the median being $397,500.  The days on market for these homes ranged from new to the market (1 day) to 3 weeks (19 days) with the median being a week (6 days).

Four Bedroom Homes

There are 3 four-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $595,000 to $619,000, with the median being $600,000.  The days on the market for these homes range from 2 weeks (11 days) to 4.5 months (137 days) with the median being 1.5 months (45 days).

There are 12 four-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $374,999 to $635,000, with the median being $477,000.  The days on market for these homes ranged from new to the market (2 days) to 3 months (91 days) with the median being 1 week (6 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 $374,000 to $665,000, with the median being $530,500.  The days on market for these homes ranged from new to the market (1 day) to 2 months (64 days) with the median being 1 week (8 days).

Five Bedroom Homes

Currently, there are 2 five-bedroom existing detached homes in New Market on the market for sale.  The current list price of these homes being $644,900 after approaching 4 months (109 days), and $799,900 after being on the market for 1 month (31 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 $325,000 to $705,000, with the median being $635,000.  The days on market for these homes ranged from 1 week (5 days) to 4 months (117 days) with the median being 1 month (29 days).

In the last 30 days, 3 five-bedroom existing detached home in New Market have successfully completed the sales process.  The closing price of these homes ranged from $485,000 to $595,000, with the median being $525,000.  The days on market for these homes ranged from 2 weeks (12 days) to 5 months (157 days) with the median being 1.5 months (47 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 New Market and homes in the surrounding area as well.