Today's View - April 2, 2021 - New Market, Md. detached homes

By
Real Estate Agent with Century 21 - Redwood Realty MD581725

Today’s View – April 2, 2021 – 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 (4/2/2021) not including new construction 10 such homes are on the market FOR SALE, another 31 under contract, and 19 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is .52 which is considered a seller’s market.

While the minimum lot size is just .07 acres and the maximum lot size is 3.5 acres, the median is .24 acres.

 

Two Bedroom Homes

Currently, there is 1 two-bedroom existing detached homes in New Market on the market for sale. This home is currently listed for $180,000 after being on the market for 4.5 months (139 days).

There are no two-bedroom existing detached homes in New Market currently under contract or that have successfully completed the sales process in the last 30 days.

 

Three Bedrooms Homes

Currently, there are 3 three-bedroom existing detached homes in New Market on the market for sale.  These homes range in price from a low of $299,900 to $399,900, with the median price being $350,000.  The days on market for these homes ranges from new to the market (1 day) to approaching 2.5 months (74 days) with the median approaching a week (4 days).

There are 11 three-bedroom detached homes in New Market that are under some form of contract.   The last known list price of these homes ranged from $310,000 to $485,000 with the median being $379,997.  The days on market for these homes ranges new to the market (1 day) to 2 months (65 days) with the median approaching a week (4 days). 

In the last 30 days, 5 three-bedroom detached homes in New Market have successfully completed the sales process.  The closing prices of these homes ranged from $363,250 to 830,000, with the median being $365,000.  The days on market for these homes ranged from approaching a week (4 days) to 2 months (66 days) with the median being a week (6 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 $525,000 to $699,000, with the median being $594.450.  The days on the market for these homes range from new to the market (2 days) to approaching a month (25 days) with the median being 1 week (7 days).

There are 14 four-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $365,000 to $680,000, with the median being $589,450.  The days on market for these homes ranged from new to the market (1 day) to approaching 18 months (519 days) with the median being 1 week (4 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 $420,000 to $650,000, with the median being $510,000.  The days on market for these homes ranged from new to the market (1 day) to 1 week (7 days) with the median approaching 1 week (4 days).

 

Five Bedroom Homes

Currently, there are no five-bedroom existing detached homes in New Market on the market for sale.

There are currently 5 five-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $521,975 to $575,000, with the median being $551,100.  The days on market for these homes ranged from new to the market (1 day) to 1 week (7 days) with the median approaching 1 week (5 days).

In the last 30 days, 4 five-bedroom existing detached home in New Market have successfully completed the sales process.  The closing price of these homes ranged from $325,000 to $800,000, with the median being $592,700.  The days on market for these homes ranged from approaching a week (5 days) to approaching 6 months (174 days) with the median being 2 months (57 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.

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 (1)

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

Good morning Bob. Thanks for the update. Sounds like that 2 bedroom home is like a fish out of water in your market. Enjoy your day.

Apr 03, 2021 05:35 AM