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MOUNT AIRY MD 21771 - REAL ESTATE TREND INDICATOR
If you are thinking about buying or selling a home in zip code 21771, you should take a close look at the following report that compares the statistics for the past month with the same month last year. During the month, there were 158 active listings of homes for sale in 21771. There were 40 new listings in the area and 17 listings went to pending new contracts. There were 18 actual settlements as compared to 15 homes sold last year. The total sold dollar volume was up 8.26%. The average number of days on the market was 130 from 94 days last year. The average sale price was 89.22% of the average list price. The average sold price was $342,972 and the median sold price was $327,250. It is still a soft market which favors buyers. Many buyers are using FHA financing for the low minimum 3.5% cash requirement. The FHA Streamlined 203(k) programs allows borrowers to include the cost of home improvements up to $35,000 in the mortgage amount. All prospective purchasers are advised to obtain pre-approval for mortgage financing before submitting offers.
There are 57 homes for sale in Zip Code 21771. Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-94789431-622
FHA loan limits for Frederick County: $729,750. Limit for FHA reverse mortgages: $625,000.
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 21771 Mount Airy, MD
From: 10/01/2009 to 10/31/2009 Statistics generated on: 11/09/2009
| |
Residential
Unit Sales
Number of Bedrooms |
Active Listings |
|
Time on Market |
| Price Class |
2
Or Less |
3 |
4
or More |
Condo
Coop |
Ground
Rent |
Residential
|
Condo
Coop |
Ground
Rent |
of Units Sold
(No. of Units) |
| Under $100,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
1 -30 Days |
4 |
| $100,000 - 149,999 |
1 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
31-60 Days |
1 |
| $150,000 - 199,999 |
0 |
0 |
0 |
0 |
0 |
4 |
0 |
0 |
61 - 90 Days |
4 |
| $200,000 - 249,999 |
0 |
2 |
0 |
0 |
0 |
5 |
0 |
0 |
91-120 Days |
2 |
| $250,000 - 299,999 |
0 |
2 |
2 |
0 |
0 |
31 |
0 |
0 |
Over 120 Days |
7 |
| $300,000 - 349,999 |
0 |
1 |
3 |
0 |
0 |
12 |
0 |
0 |
Total |
18 |
| $350,000 - 399,999 |
0 |
1 |
1 |
0 |
0 |
16 |
0 |
0 |
|
| $400,000 - 449,999 |
0 |
0 |
1 |
0 |
0 |
14 |
0 |
0 |
Type of Financing
of Units Sold
(No. of Units) |
| $450,000 - 499,999 |
0 |
0 |
2 |
0 |
0 |
21 |
0 |
1 |
| $500,000 - 599,999 |
0 |
0 |
2 |
0 |
0 |
23 |
0 |
0 |
Conventional |
5 |
| $600,000 - 699,999 |
0 |
0 |
0 |
0 |
0 |
17 |
0 |
0 |
FHA |
10 |
| $700,000 - 799,999 |
0 |
0 |
0 |
0 |
0 |
9 |
0 |
0 |
VA |
1 |
| $800,000 - 899,999 |
0 |
0 |
0 |
0 |
0 |
1 |
0 |
0 |
Assumption |
0 |
| $900,000 - 999,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Cash |
2 |
| $1,000,000 - 2,499,999 |
0 |
0 |
0 |
0 |
0 |
2 |
0 |
0 |
Owner Finance |
0 |
| $2,500,000 - 4,999,999 |
0 |
0 |
0 |
0 |
0 |
1 |
0 |
0 |
All Other |
0 |
| $5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Unreported |
0 |
| Totals |
1 |
6 |
11 |
0 |
0 |
156 |
0 |
2 |
Total |
18 |
| Grand Totals |
18 |
158 |
|
|
| |
2009 |
2008 |
% Change |
| Total Sold Dollar Volume: |
$ 6,173,500 |
$ 5,702,400 |
8.26 % |
| Average Sold Price: |
$ 342,972 |
$ 380,160 |
- 9.78 % |
| Median Sold Price: |
$ 327,250 |
$ 343,000 |
- 4.59 % |
| Total Units Sold: |
18 |
15 |
20.00 % |
| Average Days on Market: |
130 |
94 |
38.30 % |
| Average List Price for Solds: |
$ 384,406 |
$ 414,187 |
- 7.19 % |
Avg Sale Price as a
percentage of Avg List Price: |
89.22 % |
91.78 % |
|
|
| Total NEW listings: |
40 |
| Total Properties Marked Contract: |
9 |
| Total Properties Marked Contingent Contract: |
8 |
| Total NEW pendings (Contracts + Contingents): |
17 |
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.
Please contact us with your questions on the residential real estate market. We always appreciate your referrals.
