New Market, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Market Neighborhoods Since 2000




New Market, MD Real Estate Data


New Market Housing Market Information

With 697 people, 302 houses or apartments, and a median cost of homes of $416,140, New Market house prices are not only among the most expensive in Maryland, New Market real estate also is some of the most expensive in all of America.

New Market is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in New Market than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Market. Owner-occupied housing accounts for 87.09% of New Market's homes, and 74.45% have either three or four bedrooms, which is average sized relative to America.

New Market homes and real estate are some of the newest in America. 54.57% of New Market's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New Market real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 23.34%), and before 1939 ( 15.46%). There's also some housing in New Market built between 1940-1969 ( 6.62%).

New Market Home Appreciation Rates

New Market's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Market during the period has been just -1.73%, which is lower than 80% of US communities.

Over the last year, New Market appreciation rates have trailed the rest of the nation. In the last twelve months, New Market's appreciation rate has been 2.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Market were at 0.56%, which equates to an annual appreciation rate of 2.27%.

Relative to Maryland, our data show that New Market's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$416,140

New Market, MD HOME PRICES

Value Range
> $1,141,000 0.6
$856,001 - $1,141,000 0.6
$570,001 - $856,000 12.1
$456,001 - $570,000 27.4
$342,001 - $456,000 27.9
$228,001 - $342,000 27.1
$114,001 - $228,000 2.0
$57,001 - $114,000 1.5
$0 - $57,000 0.8

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
8.50814484940818 19.4656488549618

Number Of Homes And Apartments:
302

Rent & Ownership

 

Average Market Rent:
$2,194 / per month

Homeownership Rate

Homeownership
Owners 87.09
Renters 12.91
Vacant 4.73

Housing Market Details

 

Age of Homes

AGE OF New Market HOMES
2000 or Newer 54.6
1970 - 1999 23.3
1940 - 1969 6.6
1939 or Older 15.5

Types of Homes

TYPE OF New Market HOMES
Single-Family 90.9
Townhomes 8.5
Small Apt. Buildings 0.6
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF New Market HOMES
No Bedroom 0.00
1 Bedroom 0.63
2 Bedrooms 9.78
3 Bedrooms 28.71
4 Bedrooms 45.74
5 or more bedrooms 15.14

New Market Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
77.00% 3.37% 8 9
* 10 is highest