The Long & Foster Market Minute

Focus On: Mount Airy, New Market, and Ijamsville Housing Market September 2021

Zip Code(s): 21771, 21774, 21754 and 21770
Units Sold
126
Active Inventory
111
Median Sale Price
$522,450
Days On Market
11
No Change
Vs. Year Ago
Down -37%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -66%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 126 sold this month in Mount Airy, New Market, and Ijamsville Real Estate, a decrease of 16%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 65 units or 37%. The total number of active inventory this September was 111 compared to 176 in September 2020. This month's total of 111 is lower than the previous month's total supply of available inventory of 124, a decrease of 10%.

Median Sale Price
Last September, the median sale price for Mount Airy, New Market, and Ijamsville Homes was $452,500. This September, the median sale price was approximately the same at $522,450. The current median sold price is 15% higher than in September 2020.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
134
Current Contracts
98
Sold Vs. List Price
101.6%
Months of Supply
0.9
Down -22%
Vs. Year Ago
Down -33%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -37%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Mount Airy, New Market, and Ijamsville, compared to 1.4 in September 2020. That is a decrease of 37% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 134 homes newly listed for sale in Mount Airy, New Market, and Ijamsville compared to 172 in September 2020, a decrease of 22%. There were 98 current contracts pending sale this September compared to 147 a year ago. The number of current contracts is 33% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Mount Airy, New Market, and Ijamsville was 101.6% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 32, a decrease of 66%.

The Long & Foster Market Minute Mount Airy, New Market, and Ijamsville are defined as properties listed in zip code/s 21771, 21774, 21754 and 21770.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.