Is New Market, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Market has remained a Seller's Market.
Housing Prices in New Market, MD
How much do homes in New Market, MD cost?
Median Sold Price
$579,745
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Market was $579,745 in April 2024, up 13.7% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $298.2K | $366.5K | +22.9% |
3 Bedrooms | $468.9K | $495K | +5.6% |
4 Bedrooms | $657.9K | $641K | -2.6% |
5+ Bedrooms | $721K | $787.5K | +9.2% |
Summary: New Market housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
New Market | $509.8K | $579.7K | +13.7% |
Monrovia | $625K | $665K | +6.4% |
Housing Supply in New Market, MD
How many homes are available in New Market, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 71 | +18.3% |
Summary: The New Market real estate market had 71 homes for sale in April 2024, a 18.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 20 | 19 | -5.0% |
4 Bedrooms | 29 | 34 | +17.2% |
5+ Bedrooms | 7 | 13 | +85.7% |
Summary: The New Market housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in New Market in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for New Market, MD
How long does it take to sell a home in New Market, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 19 Days | +145.7% |
Summary: Homes in New Market had an average of 19 days on market in Apr 2024, up by 145.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in New Market; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.