New Market, MD Real Estate News

By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – September 17  2017 – New Market, Md. 21774 – Townhouses This is a market report for Townhouses in New Market, Md. 21774.  At the time of this report (9/17/17) there are 7 such homes on the market FOR SALE, another 3 under contract, and 1 that havs successfully completed the sales process in the last 30 days. Thus the absorption rate (7/1) shows a 7 months inventory, what is to be considered a buyers market.  Three BedroomsThere are 6 three-bedroom townhouses in New Market, Md. on the market for sale at the time of this report.  The currentl list price of this homes ranges from $189,900 to $429,900; with the median being $274,950.  The days on market for these homes ranges from 1 week (8 days) to 3 months (87 days); with the median approaching 3 weeks (18 days).There are 3...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – Sept. 16, 2017 Detached homes – New Market Md.This is a market report on existing detached homes in New Market, Md. 21774 for sale.  At the time of this report (9/16/17) not including new construction there are 53 such homes on the market FOR SALE, another 36 under contract, and 18 that have sold in the last 30 days. Thus the absorption rate (53/18) shows a 2.94 months inventory, which is considered a sellers market.These homes are located on between .07 acres and 5.5 acres of ground with the average being .45 acres and median being .24. Two BedroomsThere is at the time of this report no two-bedroom existing detached home on the market for sale. There a no two-bedroom existing detached homes in New Market currenly under any form of contract. In the last 30 days, no two-be...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Last week (09/03 – 09/09/17) in New Market Md.  21774Last week (ending 9/9/17) 4 existing detached homes in New Market Md. zip code were added to the market for sale, 1 went under contract, and 1 completed the sales process. This brings the count to 58 on the market for sale, 33 under contract and 15 completing the sales process in the last 30 days. Those still on the market for sale range from $234,900 to $764,900, with the median being $424,900  The last known list prices of those currently under some form of contract ranges from $214,365 to $615,000, with the median being $429,900  Those that did complete the sales process in the last 30 days have sold between $280,000 and $667,000, with the median being $479,000  This report only covers existing detached homes in the New Market zip ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – August 24,, 2017 – New Market, Md. 21774 – Townhouses This is a market report for Townhouses in New Market, Md. 21774.  At the time of this report (8/24/17) there are 3 such homes on the market FOR SALE, another 4 under contract, and 7 that have successfully completed the sales process in the last 30 days. Thus the absorption rate (3/7) shows a 0.43 months inventory, what is to be considered a sellers market.  Three BedroomsThere are 2 three-bedroom townhouses in New Market, Md. on the market for sale at the time of this report.  The current list price of these homes ranges from $189,900 after being on the market for 2 months (64 days) and $266,900 after being on the market for approaching 9.5 months (280 days). There are 4 three-bedroom townhouses in the area under some ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – Aug. 22, 2017 – Mount Airy, Md. 21771 – TownhousesThis is a market report for townhouse in Mount Airy, Md. 21771.  At the time of this report (8/22/17) there are 4 such homes on the market FOR SALE, another 7 under contract, and 4 that have sold in the last 30 days.  The resulting absorption rate (Acitve/1 Month Sold) of 1 clear indicator of a sellers market.Two Bedrooms There is 1 two-bedroom townhouse in the Mount Airy zip code currently on the market for sale.  This home is listed at $334,900 and has been on the market for 2 months.There are no two-bedroom townhouses currently under any form of contract and none that have successfully completed the sale process in the last 30 days.  Three BedroomsThere are 2 three-bedroom townhouses in the Mount Airy zip code on the ma...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – Aug 17, 2017 Detached homes – New Market Md.This is a market report on existing detached homes in New Market, Md. 21774 for sale.  At the time of this report (8/17/17) not including new construction there are 60 such homes on the market FOR SALE, another 31 under contract, and 16 that have sold in the last 30 days. Thus the absorption rate (60/16) shows a 3.75onths inventory, which is considered a normal market.These homes are located on between .07 acres and 5.5 acres of ground with the average being .45 acres and median being .24 Two BedroomsThere is at the time of this report 1 two-bedroom existing detached home on the market for sale.   This homes is currently listed at $310,500 and has been on the market for less than 1 week (4 days).There a no two-bedroom existing d...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – Aug 2, 2017 Detached homes – New Market Md.This is a market report on existing detached homes in New Market, Md. 21774 for sale.  At the time of this report (8/2/17) not including new construction there are 60 such homes on the market FOR SALE, another 31 under contract, and 19 that have sold in the last 30 days. Thus the absorption rate (60/19) shows a 3.26 months inventory, which is considered a normal market.These homes are located on between .06 acres and 5.5 acres of ground with the average being .43 acres and median being .24 Two BedroomsThere is at the time of this report no two-bedroom existing detached home on the market for sale or under andy form of contract.. In the last 30 days, 1 two-bedroom existing detached home in New Market Md. has successfully the sales...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – June 27 2017 – New Market, Md. RentalsThis is a market report on rentals in New Market, Md. This report includes data on both detached homes and townhouses. At the time of this report (6/27/17) there are a total of 3 such homes on the market FOR RENT, 1 with applications waiting on landlord decision, and 3 that have rented in the last 30 days.  Three bedroomsCurrently there is 1 three-bedroom rentals on the market in the New Market, Md. This home is currently listed for $2,395 and has been on the market for 3 weeks (19 days).Currently there is 1 three-bedroom rentals waiting on the landlord to make a decision on a rental application. The last known list price of this home is $2,299 having been on the market for 2 months (66 days).In the last 30 days, 1 lease has been sign...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – June 22, 2017 Detached homes – New Market Md. This is a market report on existing detached homes in New Market, Md. 21774 for sale.  At the time of this report (6/22/17) not including new construction there are 65 such homes on the market FOR SALE, another 40 under contract, and 25 that have sold in the last 30 days. Thus the absorption rate (65/25) shows a 2.6 months inventory, which is considered a sellers market.These homes are located on between .07 acres and 5.5 acres of ground with the average being .43 acres and median being .23 Two BedroomsThere is at the time of this report no two-bedroom existing detached home on the market for sale. Currently there is 1 two-bedroom existing detached homes in New Market, Md. is under contract.  The last known list price of this ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – June 19,, 2017 – New Market, Md. 21774 – Townhouses This is a market report for Townhouses in New Market, Md. 21774.  At the time of this report (06/19/17) there are 9 such homes on the market FOR SALE, another 12 under contract, and 2 that have successfully completed the sales process in the last 30 days. Thus the absorption rate (9/2) shows a 4.5 months inventory, what is to be considered a normal market.  Three BedroomsThere are 8 three-bedroom townhouses in New Market, Md. on the market for sale at the time of this report.  The current list price of these homes ranges from $239,900 to $429,900; with the median being $322,450.  The days on market for these homes ranges from new to the market (3 days) to 7 months (214 days); with the median being 1.5 month (48 days).The...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – June 6,, 2017 – New Market, Md. 21774 – Townhouses This is a market report for Townhouses in New Market, Md. 21774.  At the time of this report (06/06/17) there are 11 such homes on the market FOR SALE, another 19 under contract, and 4 that have successfully completed the sales process in the last 30 days. Thus the absorption rate (11/4) shows a 2.75 months inventory, what is to be considered a sellers market.  Three BedroomsThere are 9 three-bedroom townhouses in New Market, Md. on the market for sale at the time of this report.  The current list price of these homes ranges from $239,900 to $449,900; with the median being $315,000.  The days on market for these homes ranges from new to the market (2 days)  to 3 months (91 days); with the median being 1 month (30 days).Th...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – May 28, 2017 – New Market, Md. RentalsThis is a market report on rentals in New Market, Md. At the time of this report (5/28/17) there are a total of 4 such homes on the market FOR RENT, 1 with applications waiting on landlord decision, and 5 that have rented in the last 30 days.  Three bedroomsCurrently there are 2 three-bedroom rentals on the market in the New Market, Md. These places are currently listed for $1,750 being on the market for approaching 1.5 months (40 days) and $2,200 being on the market for 1.5 months (45 days).Currently there is 1 three-bedroom rentals waiting on the landlord to make a decision on a rental application. The last known list price of this home is $1,750 having been on the market for 3 weeks (20 days).In the last 30 days, 2 leases have been...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – May 25, 2017 Detached homes – New Market Md. This is a market report on existing detached homes in New Market, Md. 21774 for sale.  At the time of this report (5/25/17) not including new construction there are 57 such homes on the market FOR SALE, another 44 under contract, and 18 that have sold in the last 30 days. Thus the absorption rate (57/18) shows a 3.166 months inventory, which is considered a sellers market.These homes are located on between .04 acres and 5.5 acres of ground with the average being .43 acres and median being .23 Two BedroomsThere is at the time of this report 1 two-bedroom existing detached home on the market for sale.  This home is currently list for $454,000 and has been on the market for 1.5 months (42 days).Currently there is 1 two-bedroom exi...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – May 25, 2017 – New Market, Md. 21774 – Townhouses This is a market report for Townhouses in New Market, Md. 21774.  At the time of this report (5/25/17) there are 12 such homes on the market FOR SALE, another 8 under contract, and 6 that have successfully completed the sales process in the last 30 days. Thus the absorption rate (12/6) shows a 2.0 months inventory, what is to be considered a sellers market.  Three BedroomsThere are 10 three-bedroom townhouses in New Market, Md. on the market for sale at the time of this report.  The current list price of these homes ranges from $249,500 to $449,900; with the median being $297,949.  The days on market for these homes ranges from 1 week (7 days)  to approaching 7 months (203 days); with the median being 3 weeks (20 days).The...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – May 25, 2017 – Mt. Airy, Md. 21771 – Detached HomesThis is a market report for detached homes in Mt. Airy, Md. 21771.  At the time of this report (5/25/17) not including new construction 91 such homes are on the market FOR SALE, another 70 under contract, and 23 have sold in the last 30 days. The Absorption Rate (Active/30 day sold) is 3.95 which is considered a normal market.  Two Bedrooms HomeThere is currently 3 two-bedroom existing detached homes on the market for sale in Mount Airy. These homes range in price from a low of $209,900 to $549,000, with the median price being $259,900.  The days on market for these homes ranges from new to the market (1 day) to approaching 9 months (266 days) with the median being 3 weeks (21 days).There is 1 two-bedroom detached homes i...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – May 12, 2017 – New Market, Md. 21774 – Townhouses  This is a market report for Townhouses in New Market, Md. 21774.  At the time of this report (5/12/17) there are 10 such homes on the market FOR SALE, another 5 under contract, and 5 that have successfully completed the sales process in the last 30 days. Thus the absorption rate (10/5) shows a 2.0 months inventory, what is to be considered a sellers market.  Three BedroomsThere are 8 three-bedroom townhouses in New Market, Md. on the market for sale at the time of this report.  The current list price of these homes ranges from $239,900 to $449,900; with the median being $303,399.  The days on market for these homes ranges from 1 week (5 days)  to 6 months (189 days); with the median being 2 months (59 days).There are 5 th...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Today’s View – May 12, 2017 Detached homes – New Market Md. This is a market report on existing detached homes in New Market, Md. 21774 for sale.  At the time of this report (3/12/17) not including new construction there are 53 such homes on the market FOR SALE, another 36 under contract, and 19 that have sold in the last 30 days. Thus the absorption rate (53/19) shows a 2.78 months inventory, which is considered a sellers market.These homes are located on between .04 acres and 15.71 acres of ground with the average being .58 acres and median being .23 Two BedroomsThere is at the time of this report 1 two-bedroom existing detached home on the market for sale.  This home is currently list for $464,000 and has been on the market for 1 month (28 days).Currently there is 1 two-bedroom exist...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Last week (3/22  - 3/28/17) in New Market Md.  21774Last week (ending 3/28/17)  3 townhouses home in New Market Md. were added to the market for sale,  0 went under contract, 1 successfully completed the sales process, and 0 were added t the coming soon list. This brings the count to 10 on the market for sale, 6 under contract and 6 completing the sales process in the last 30 days.   There is a total of 1 with the coming soon status.Those on the market for sale range from $209,900 to $399,990, with the median being $300,899  The last known list price of those currently under some form of contract ranges from $229,900 to $454,900, with the median being $248,900.  Those completing the sales process in the last 30 days have sold between $240,000 and $439,900, with the median being $253,500...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Last week (3/22  - 3/28/17) in New Market Md.  21774Last week (ending 3/28/17)  7 detached home in New Market Md. were added to the market for sale,  6 went under contract, 0 successfully completed the sales process, and 1 were added t the coming soon list. This brings the count to 47 on the market for sale, 33 under contract and 7 completing the sales process in the last 30 days.   There is a total of 5 with the coming soon status.Those on the market for sale range from $223,100 to $750,000, with the median being $449,900  The last known list price of those currently under some form of contract ranges from $199,000 to $785,000., with the median being $379,000.  Those completing the sales process in the last 30 days have sold between $272,000 and $438,000, with the median being $379,900...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Century 21 - Redwood Realty)
Last month (February 2017) in New Market, Md. existing detached homes.A quick look at what has been happening in New Market Md. existing detached homes market for January, 2017.  This report contains a summary starting with February 2016, then January 2017, and finally february 2017. During the month of February 2016, 14 existing detached homes in New Market, Md. successfully completed the sales process.  These homes sold for between $206,000 and $560,865 with the median being $349,750.  These amounts where between 58.8% and 112.1% of the original list price of the homes, with the median being 98.1%.  Seller provided assistance with closing cost on 6 of these homes.  The assistance ranged from $$5,770 to $10,410 with the median being $8,540.  In this group of homes 2 were Bank Owned pro...
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