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New Market, MD Real Estate News

By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Last week (1/12/15  - 1/18/15) in New Market Md.  21774Last week (ending 1/18/2015)  6 detached home in New Market Md. were added to the market for sale,  2 went under contract, and 3 successfully completed the sales process. This brings the count to 34 on the market for sale, 23 under contract and 7 completing the sales process in the last 30 days. Those still on the market for sale range from $234,900 to $650,000.  The last known list price of those currently under some form of contract ranges from $200.000 to $535,000.  Those completing the sales process in the last 30 days have sold between $194,000 and $599,900, with the median being $313,000.  The days on market for this set of homes ranged from a week ( 6 days) to over 5 months (159 days), with the median approaching 2 months (55...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
A quick look at what has been happening in the New Market, Md. zip code existing townhouse market.  This report contains a summary starting with September 2014, then August 2105, and finally September 2015. During the month of September 2014, 2 existing townhouses in the New Market, Md. zip code successfully completed the sales process.  These homes sold for $250,000 after 1 month (27 days) at 100.2% of the last known list price, and a seller subsidy of $7000.  The other home sold for and $324,900 after being on the market for a week (6 days) at 100% of the last known list price, and a seller subsidy of $2500.   During the month of August 2015, 5 existing townhouses in the New Market, Md. zip code successfully completed the sales process.  These homes sold for between $149,000 and $279,...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
A quick look at what has been happening in New Market Md. existing detached homes market for September 2015.  This report contains a summary starting with September 2014, then August 2015, and finally September 2015. During the month of September 2014, 14 existing detached homes in New Market, Md. successfully completed the sales process.  These homes sold for between $299,900 and $590,000 with the median being $355,000.  These amounts where between 93.4% and 101.8% of the original list price of the homes, with the median being 98.3%.  Seller provided assistance with closing cost on 9 of these homes.  The assistance ranged from $2,000 to $10,650 with the median being $8,340.  In this group of homes, none were Bank Owned. The median days on market from initial list to contract acceptance...
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By Andrea Bedard, Fluent in Real Estate & German, M.A. ABR ASP CIPS
(Thompson Company, REALTORS® 240.593.2860)
There couldn't have been a better restaurant to enjoy a special brunch on a special day for this vintage loving girl than Vintage!Vintage is a community restaurant on West Main Street in New Market, MD, serving comfort food (but taken up a notch or two or three) made with locally sourced ingredients. It's located in a, you guessed it, vintage building that has quite the history. This was our first time at Vintage but most definitely not our last. The decor is lovely, a perfect blend of old and new and there were plenty of vintage elements for me to admire. Our whole experience was just fantastic. We received a call the morning after we made our online reservations to not only confirm those but to also alert us of a construction zone and how to best get to the parking lot behind the buil...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Last week (9/28 – 10/05/15) in New Market Md.  21774Last week (ending 10/05/2015) 1 existing detached homes in New Market Md. zip code were added to the market for sale, 4 went under contract, and 5 completed the sales process. This brings the count to 50 on the market for sale, 28 under contract and 18 completing the sales process in the last 30 days.  This is an absorption rate (50/18) of 2.78, which is considered a seller’s market.Those still on the market for sale range from $218,000 to $850,000.  The last known list price of those currently under some form of contract ranges from $229,000 to $650,000.  Those that did complete the sales process in the last 30 days have sold between $215,000 and $1,000,000.  This report only covers existing detached homes in the New Market zip code. ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – Sept. 28, 2015 Detached homes – New Market Md.This is a market report on Detached Homes in New Market, Md. 21774 for sale.  At the time of this report (08/28/2015) not including new construction there are 57 such homes on the market FOR SALE, another 31 under contract, and 14 that have sold in the last 30 days. Thus the absorption rate (57/114) shows a 4.07 month inventory, which is considered normal market. Two BedroomsAt the time of this report there are no two-bedroom detached homes on the market for sale in New Market, Md.There is 1 two-bedroom detached home currently under contract at this time.  The last known list price of this home $295,000 and it has been on the market for approaching 3 weeks (18 days).There is 1 two-bedroom detached homes that has successfully p...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – Sept. 24, 2015 – New Market Md. RentalsThis is a market report on residential rentals in New Market, Md. 21774 zip code. New Market is a community located along Route 70 west of Baltimore and east of Frederick.  At the time of this report (9/24//2015) there are a total of 7 such homes on the market FOR RENT, 2 with applications waiting on landlord decision, and 6 that have rented in the last 30 days. Two BedroomsCurrently there are no two-bedroom homes on the market for rent or for which a application to rent is waiting for a decision by the landlord in the New Market zip code.  There is 1 home that has completed the rental process.  This home rented for $1,700 after being on the market for 1 month (29 days). Three bedroomsCurrently there are 4 three-bedroom rentals on th...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – September 23, 2015 – New Market, Md. 21774 – Townhouses This is a market report for Townhouses in the New Market, Md. 21774 zip code.  At the time of this report (9/23/2015) there are 13 such homes on the market FOR SALE, another 4 under contract, and 5 that has sold in the last 30 days. Thus the absorption rate (13/5) shows a 2.6 month inventory, which is considered to be a sellers market market. Two BedroomsThere is 1 two-bedroom townhouse in New Market, Md. at the time of this report on the market for sale.  This home is currently listed for $219,900 and has been on the market for approaching 3 months (84 days).  There are no two-bedroom townhouses under contract or that have successfully sold in the last 30 days. Three BedroomsThere are 11 three-bedroom townhouses in ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Last week (9/14 – 9/20/15) in NewMarketMd.  21774Last week (ending 9/20/2015) 6 existing detached homes in New Market Md. zip code were added to the market for sale, 6 went under contract, and 2 completed the sales process. This brings the count to 58 on the market for sale, 33 under contract and 12 completing the sales process in the last 30 days.  This is an absorption rate (58/12) of 4.8, which is considered a normal market.Those still on the market for sale range from $218,000 to $850,000.  The last known list price of those currently under some form of contract ranges from $214,990 to $948,000.  Those that did complete the sales process in the last 30 days have sold between $186,000 and $545,000.  This report only covers existing detached homes in the New Market zip code.  If townh...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Last week (9/8 – 9/15/15) in New Market Md.  21774Last week (ending 9/14/2015) 7 existing detached homes in New Market Md. zip code were added to the market for sale, 4 went under contract, and 1 completed the sales process. This brings the count to 60 on the market for sale, 31 under contract and 12 completing the sales process in the last 30 days.  This is an absorption rate (60/12) of 5.0, which is considered a normal market.Those still on the market for sale range from $218,000 to $850,000.  The last known list price of those currently under some form of contract ranges from $214,990 to $948,000.  Those that did complete the sales process in the last 30 days have sold between $186,000 and $545,000.  This report only covers existing detached homes in theNew Market zip code.  If townh...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Last Month - August 2015 - Detached Homes sold in New Market, Md. A quick look at what has been happening in New Market Md. existing detached homes market.  This report contains a summary starting with August 2014, then July 2105, and finally August 2015. During the month of August 2014, 15 existing detached homes in New Market, Md. successfully completed the sales process.  These homes sold for between $200,000 and $439,000 with the median being $374,000.  These amounts where between 50.1% and 101.3% of the original list price of the homes, with the median being 97.1%.  Seller provided assistance with closing cost on 12 of these homes.  The assistance ranged from $500 to $11,160 with the median being $7,975.  In this group of homes, 1 was Bank Owned. The median days on market from init...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – September 2, 2015 – New Market, Md. 21774 – TownhousesThis is a market report for Townhouses in the New Market, Md. 21774 zip code.  At the time of this report (9/2/2015) there are 11 such homes on the market FOR SALE, another 5 under contract, and 4 that has sold in the last 30 days. Thus the absorption rate (11/4) shows a 2.75 month inventory, which is considered to be a sellers market market. Two BedroomsThere is 1 two-bedroom townhouse in New Market, Md. at the time of this report on the market for sale.  This home is currently listed for $229,900 and has been on the market for 2 months (63 days).  There are no two-bedroom townhouses under contract or that have successfully sold in the last 30 days. Three BedroomsThere are 10 three-bedroom townhouses in this area on t...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Last week (8/24 – 8/30/15) in New Market Md.  21774 Last week (ending 8/30/2015) no existing detached homes in New Market Md. zip code were added to the market for sale, 3 went under contract, and 4 completed the sales process. This brings the count to 62 on the market for sale, 28 under contract and 13 completing the sales process in the last 30 days.  This is an absorption rate (62/13) of 4.77, which is considered a normal market.Those still on the market for sale range from $230,000 to $850,000.  The last known list price of those currently under some form of contract ranges from $214,990 to $948,000.  Those that did complete the sales process in the last 30 days have sold between $186,000 and $620,000.  This report only covers existing detached homes in theNew Market zip code.  If ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – Aug 25, 2015 Detached homes with Swimming poolsThis is a market report on Detached Homes in New Market, Md. 21774 with swimming pools for sale.  At the time of this report (08/25/2015) not including new construction there are 5 such homes on the market FOR SALE, another 3 under contract, and 2 that have sold in the last 30 days. Three BedroomsThere are 3 three-bedroom detached homes swimming pools in this area on the market for sale at this time.  The current list price of these homes range in price from a low of $279,900 to $334,995, with the median being $279,900 as well   The days on market for these homes ranges from 1 week (7 day) to 6 months (182 days) with the median being 3 month (97 days).There is three-bedroom detached home with a swimming pool in the area under...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – Aug 24, 2015 Detached homes – New Market Md.This is a market report on Detached Homes in New Market, Md. 21774 for sale.  At the time of this report (08/24/2015) not including new construction there are 67 such homes on the market FOR SALE, another 28 under contract, and 18 that have sold in the last 30 days. Thus the absorption rate (67/18) shows a 3.72 month inventory, which is considered normal market. Two BedroomsAt the time of this report there is 1 two-bedroom detached homes on the market for sale in New Market, Md.   The current list price of this home is $295,000 and it has been on the market for 2 weeks (17 days).There is 1 two-bedroom detached home currently under contract at this time.  The last known list price of this home $214,990 and it has been on the mark...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – Aug. 21, 2015 – New Market, Md. 21774 – TownhousesThis is a market report for Townhouses in New Market, Md. 21774 zip code.  At the time of this report (8/21/2015) there are 10 such homes on the market FOR SALE, another 5 under contract, and 3 that has sold in the last 30 days. Thus the absorption rate (10/3) shows a 3.3 month inventory, which is considered to be a normal market. Two BedroomsThere is 1 two-bedroom townhouse in New Market, Md. at the time of this report.  This home is currently listed for $229,900 and has been on the market for 1.5 months (51 days).  There are no two-bedroom townhouses under contract or that have successfully sold in the last 30 days. Three BedroomsThere are 9 three-bedroom townhouses in this area on the market for sale. These homes range ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Last week (8/10 – 8/16/15) in New Market Md.  21774 Last week (ending 8/16/2015) 6 existing detached homes in New Market Md. zip code were added to the market for sale, 5 went under contract, and 4 completed the sales process. This brings the count to 65 on the market for sale, 28 under contract and 16 completing the sales process in the last 30 days.  This is an absorption rate (65/16) of 4.06, which is considered a normal market.Those still on the market for sale range from $215,000 to $850,000.  The last known list price of those currently under some form of contract ranges from $189,900 to $948,000.  Those that did complete the sales process in the last 30 days have sold between $257,800 and $715,000.  This report only covers existing detached homes in New Market.  If townhouses in...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
 Last week in New Market Md.  21774 Last week ending August 3, 2015,9 existing detached homes in New Market, Md. where added to the market, 3 went under contract, and 7 completed the sales process. This brings the count to 78 on the market for sale, 34 under contract and 20 completing the sales process in the last 30 days.  Those on the market for sale range in list price from $125,000 to $850,000. Those under contract where last listed from $158.000 to $948,000.  Those that have completed the sales process have sold for between $125,000 and $715,000.   This group of homes includes detached single family homes, townhouse, and garden apartments too. If you have any questions about this report or wanting to discuss the possibility of moving into the community or selling your home please c...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Last week (7/20 – 7/26/15) in New Market Md.  21774 Last week (ending 7/26/2015) 4 existing detached homes in New Market Md. were added to the market for sale, 2 went under contract, and none completed the sales process. This brings the count to 60 on the market for sale, 35 under contract and 10 completing the sales process in the last 30 days. Those still on the market for sale range from $249,900 to $674,900.  The last known list price of those currently under some form of contract ranges from $189,900 to $948,000.  Those that did complete the sales process in the last 30 days have sold between $261,000 and $564,700.  This report only covers existing detached homes in New Market.  If townhouses interest you please contact me.If you have any questions about this report or wanting to ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View – July 24, 2015 – New Market, Md. 21774 – TownhousesThis is a market report for Townhouses in New Market, Md. 21774.  At the time of this report (7/24/2015) there are 7 such homes on the market FOR SALE, another 4 under contract, and 5 that has sold in the last 30 days. Thus the absorption rate (7/5) shows a 1.4 month inventory, which is considered to be a sellers market. Two BedroomsThere is 1 two-bedroom townhouse in New Market, Md.  at the time of this report.  This home is currently listed for $243,000 and has been on the market for 3 weeks (23 days).  There are no two-bedroom townhouses under contract or that have successfully sold in the last 30 days. Three BedroomsThere are 6 three-bedroom townhouses in this area on the market for sale. These homes range in price fro...
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