New Market, MD Home Values & Market Trends
Real estate market trends reflect that there have been 304 transactions over the past year in New Market. The median value for residential home transactions that occurred over the previous year is $547,966.1. The number of current listings in New Market is 28, and the percentage of properties for sale in the city is 28.00%. New Market, MD currently has 7 properties in foreclosure, 1 bank owned properties, 3 properties headed for auction, and 28 properties for sale.
New Market, MD Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 21774 | $ 556,533 $ 235/sqft |
Housing Market Summary for New Market, MD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $596K | $541.6K | -9.12% |
| Median Sold Price | $520.5K | $541.6K | 4.06% |
| Homes For Sale | 28 | 28 | - |
| Homes Sold | 112 | 109 | -2.68% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in New Market, MD
Browse Homes in New Market, MD
New Market home values range from $74,334 to $3,755,167. The median estimated value of a home in New Market is $547,966.1. The median list price of a home is 481,900, and the total count of properties in the city is 6,212.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in New Market, MD with 21774 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within New Market, MD; of that zips, the estimated home value for pre-foreclosure homes ranges from $569,393 in 21774 to the lowest home value of $363,312 in 21774.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Market, MD ranges from the highest value of $861,302 in 21774 to the lowest value of $861,302 in 21774. Bank owned homes and properties account for 0.02% of properties in New Market, MD. There is 1 zips within New Market, MD; 21774 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions21774 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of New Market, MD. Auction homes and other auction properties account for 0.05% of all properties in New Market, MD. There is 1 zips within New Market, MD; of that zips, the median estimated home value for homes going to auction ranges from $544,643 in 21774 to the lowest value of $491,275 in 21774.
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Guide for New Market, MD
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