Is Aberdeen, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Aberdeen has remained a Seller's Market.
Key Takeaway
Aberdeen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Aberdeen, MD
How much do homes in Aberdeen, MD cost?
Median Sold Price
$318,750
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Aberdeen have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Aberdeen was $318,750 in May 2024, up 12.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $178.5K | N/A |
| 2 Bedrooms | $200K | $200K | 0.0% |
| 3 Bedrooms | $280K | $310K | +10.7% |
| 4 Bedrooms | $405K | $397K | -2.0% |
| 5+ Bedrooms | $525.5K | $487.5K | -7.2% |
Summary: Aberdeen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Aberdeen | $283.9K | $318.7K | +12.3% |
| Havre de Grace | $390K | $390K | 0.0% |
Housing Supply in Aberdeen, MD
How many homes are available in Aberdeen, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 86 | +19.4% |
Summary: The Aberdeen real estate market had 86 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 35 | 44 | +25.7% |
| 4 Bedrooms | 18 | 27 | +50.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Aberdeen housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Aberdeen, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Aberdeen in May 2024, down by 4.5% month-over-month. Of the 21 sold homes, 10% were sold under asking, 29% were sold at asking, and 62% were sold over asking.
Days on Market for Aberdeen, MD
How long does it take to sell a home in Aberdeen, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +39.9% |
Summary: Homes in Aberdeen had an average of 17 days on market in May 2024, up by 39.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Aberdeen are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Aberdeen; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
