Today's View - Jan 30, 2020 - New Market, Md existing detached homes

Dated: 01/30/2020

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Today’s View – Jan. 30, 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 (01/30/2020) not including new construction 28 such homes are on the market FOR SALE, another 29 under contract, and 16 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is 1.75 which is considered a seller’s market.

Last week only 4 were added to the market, 4 went under some form of contract, and 5 successfully completed the sale process. 

While the minimum lot size is just .06 acres and the maximum lot size is 1.6 acres, the median is .22 acres.

 

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 $305,000 to $439,000, with the median price being $319,900.  The days on market for these homes ranges from approaching 1 week (4 days) to 3 months (90 days) with the median being 3 weeks (20 days).

There are 13 three-bedroom detached homes in New Market that are under some form of contract.   The last known list price of these homes ranged from $279,900 to $479,900 with the median being $369,900.  The days on market for these homes ranges new to the market (1 day) to 4.5 months (139 days) with the median being 2 months (57 days). 

In the last 30 days, 7 three-bedroom detached homes in New Market have successfully completed the sales process.  The closing prices of these homes ranged from $265,000 to $439,900, with the median being $355,000.  The days on market for these homes ranged from approaching 1 week (4 days) to 5.5 months (163 days) with the median being 2 months (57 days).

Four Bedroom Homes

There are 9 four-bedroom existing detached homes in New Market on the market for sale. These homes range in price from a low of $379,999 to $665,000, with the median being $485,000.  The days on the market for these homes range from new to the market (2 days) to 3.5 months (107 days) with the median being 2 months (60 days).

There are 13 four-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $345,000 to $609,990, with the median being $455,000.  The days on market for these homes ranged from new to the market (1 day) to approaching 8 months (246 days) with the median being 1 month (30 days).

In the last 30 days, 6 four-bedroom existing detached homes in New Market have successfully completed the sales process. The closing price of these homes ranged from $320,000 to $579,999, with the median being $405,000.  The days on market for these homes ranged from new to the market (4 days) to 5 months (157 days) with the median being 1.5 month (46 days).

 

Five Bedroom Homes

Currently, there are 6 five-bedroom detached homes in New Market on the market for sale. These homes range in price from a low of $450,000 to $585,000, with the median being $479,095.  The days on the market for these homes range from 1 week (9 days) to 6 months (181 days) with the median being 2.5 months (75 days).

There are currently 3 five-bedroom detached homes in New Market that are under some form of contract.  The last known list price of these homes ranged from $474,900 to $1,150,000, with the median being $475,000.  The days on market for these homes ranged from new to the market (4 days) to approaching 3 months (80 days) with the median approaching 3 weeks (18days).

In the last 30 days ,2 five-bedroom existing detached home in New Market has successfully completed the sales process.   The closing price of these homes being $455,000 after being on the market for 2.5 month (76 days) and $510,000 after being on the market for approaching 3.5 months (101 days).

 

Six Bedroom Homes

Currently, there are 3 six-bedroom existing detached home on the market for sale in New Market. These homes range in price from a low of $514,900 to $650,000, with the median being $565,000.  The days on the market for these homes range from 2 weeks (16 days) to 4 months (117 days) with the median being 2 weeks (17 days).

Currently, there are no six-bedroom existing home in New Market under some form of contract.

In the last 30 days, 1 six-bedroom existing detached home has successfully completed the sale process New Market, Md. This home sold for $545,000 after being on the market for 1 week (6 days).

 

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 approaching 2.5 months (70 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.

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Robert Force

Seasoned Realtor Allow me to introduce myself. I am Robert (Bob) J. Force a seasoned REALTOR® with Weichert - McKenna & Vane in Mount Airy, Md. I handle both Sales and Rentals in Frederick, Carro....

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