Is Abingdon, 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, Abingdon has remained a Seller's Market.
Key Takeaway
Abingdon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Abingdon, MD
How much do homes in Abingdon, MD cost?
Median Sold Price
$335,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Abingdon have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Abingdon was $335,000 in May 2024, up 4.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | - | N/A |
| 2 Bedrooms | $252.5K | $250K | -1.0% |
| 3 Bedrooms | $306.5K | $326.8K | +6.6% |
| 4 Bedrooms | $430K | $450K | +4.7% |
| 5+ Bedrooms | $555K | $565K | +1.8% |
Summary: Abingdon 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 decreased by 1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in Abingdon, MD
How many homes are available in Abingdon, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 86 | +7.5% |
Summary: The Abingdon real estate market had 86 homes for sale in May 2024, a 7.5% 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 | 16 | +23.1% |
| 3 Bedrooms | 47 | 46 | -2.1% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Abingdon 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 increased by 23.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abingdon, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Abingdon in May 2024, down by 7.7% month-over-month. Of the 24 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Abingdon, MD
How long does it take to sell a home in Abingdon, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 10 Days | -2.5% |
Summary: Homes in Abingdon had an average of 10 days on market in May 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Abingdon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Abingdon; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
