Today's View - May 18, 2021 - New Market, Md existing detached homes

By
Real Estate Agent with Weichert Realtors - Aspen Hill MD581725

Today’s View – May 18, 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 (5/18/2021) not including new construction 7 such homes are on the market FOR SALE, another 17 under contract, and 11 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is .28 which is considered a seller’s market.

While the minimum lot size is just .11 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 under contact. This home was lasted listed at $180,000 after being on the market for 5.5 months (163 days).

 

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

 

Three Bedrooms Homes

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 $300,000 to $850,000 with the median price being $474,995.  The days on market for these homes ranges from approaching 1 week (5 days) to 4 months (120 days) with the median approaching 1.5 months (39 days).

 

There are 6 three-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 $483,500 with the median being $392,450.  The days on market for these homes ranges new to the market (2 days) to approaching a week (5 days) with the median approaching a week (3 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 $265,000 to $640,000, with the median being $407,500.  The days on market for these homes ranged from new to the market (1 day) to 2 months (65 days) with the median being a week (5 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 $560,000 to $674,990, with the median being $674,990 as well.  The days on the market for these homes range from new to the market (5 days) to 3 months (89 days) with the median approaching 3 months (82 days).

 

There are 17 four-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 $725,000, with the median being $575,000.  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 (6 days).

In the last 30 days, 11 four-bedroom existing detached homes in New Market have successfully completed the sales process. The closing price of these homes ranged from $378,000 to $675,000, with the median being $572,555.  The days on market for these homes ranged from new to the market (1 day) to 1 month (37 days) with the median being 1 week (6 days).

 

Five Bedroom Homes

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

  

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 $410,000 to $825,000, with the median being $579,000.  The days on market for these homes ranged from new to the market (2 days) to approaching 1 month (25 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 $450,000 to $630,000, with the median being $559,050.  The days on market for these homes ranged from approaching a week (3 days) to 1 week (7 days) with the median approaching 1 week (5 days).

 

Six Bedroom Homes

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

  

There are currently 3 six-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $590,000 to $925,000, with the median being $649,500.  The days on market for all of these homes nearly identical at approaching 1 week (4 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
Weichert Realtors - Silver Spring / Aspen Hill
3816 International Dr        
Silver Spring, Md. 20906

            
(301) 237-2277  (c)
(301) 681-0550  (O)

Website

 

 

Hope this was of some value to you.

Please ICE your cellphones!

May this FORCE be with you

Comments (2)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Bob Force (REALTOR®) this is valuable information for both Buyers and Sellers in your area.

May 18, 2021 03:59 PM
Bob Force (REALTOR®)
Weichert Realtors - Aspen Hill - Mount Airy, MD
The FORCE in Maryland Real Estate

George Souto , thanks for stopping by and leaving that comment.  That is exactly what I am trying to do.

 

Ps - I just got back from having lunch with a friend from the distant past.  We lost contact some 25 years ago.  He just so happens to now live in Middletown, Md.

May 19, 2021 11:49 AM