The Clarksburg real estate market is a mixed bag: - the overall average sold price is down by almost 19% - the average days on market are near double compared to last year, going from 42 to 83 days on market - sellers are getting closer to what they are asking - 97.3% of the list price vs. 95.2% of last year's average list price.
New home sales are generally not reported in the statistics, so this is admittedly a partial picture of the market.
What Has Sold?
In September, only 2 single family homes sold, 2 condos and 4 town homes sold. There was 1 short sale and no foreclosures in the 20871 zip code, making distressed sales 12.5% of total sales for the month.
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What Is Happening with Home Prices?
Single family homes sales did see a significant price increase in September, but that is based on two properties (see chart - mouse over for details). Townhome and condo sale prices slid a bit in September. A change in the average sales price for one month is not necessarily an indication of a trend, it could just indicate that more homes were sold in a more or less expensive neighborhood of Clarksburg.
The most expensive home that sold was a colonial for $688K in Clarksburg Village.
You can see more details about home sales in our report on Clarksburg Property Values.
Are Sellers Getting Their Asking Price in Clarksburg?
The chart below (mouse over for details) shows this year's trend for the proportion of original listing price a home seller is getting when they sell. This takes into account price reductions. This month's overall average is 97.3%, compared to last year's average of 95.2% and the overall county average that is 93.9%.
How Long Is it Taking to Sell a Home?
The average number of days it took a home to sell in September was 83, compared to 42 last year. The overall county average for the month was 77. You can see more market statistics in our Clarksburg Real Estate Market Trends Report.
Who is Buying?
There were no cash buyers (often investors) in Clarksburg 20871 for September. Overall in Montgomery County, cash buyers made up 16.79% of home sales.
What is For Sale?
Click on the map below to start your Clarksburg home search, save your favorites, set up automatic emails, and receive alerts for properties that fit your criteria.
Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.
Bob Myers, The Myers Team, Re/Max Realty Services, 15020 Shady Grove Road, #400, Rockville, MD 20850 Cell 301-910-9910, email bobmyers4homes@gmail.com, @bobmyers4homes
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