Is Conowingo, 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, Conowingo has remained a Seller's Market.
Key Takeaway
Conowingo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conowingo, MD
How much do homes in Conowingo, MD cost?
Median Sold Price
$370,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Conowingo have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Conowingo was $370,000 in May 2024, down 7.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $290K | +7.4% |
| 3 Bedrooms | $370.5K | $372.5K | 0.5% |
| 4 Bedrooms | $415K | $378.5K | -8.8% |
| 5+ Bedrooms | $650K | $430K | -33.8% |
Summary: Conowingo 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 increased by 7.4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 33.8%.
Housing Supply in Conowingo, MD
How many homes are available in Conowingo, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Conowingo real estate market had 15 homes for sale in May 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Conowingo 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conowingo, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Conowingo in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Conowingo, MD
How long does it take to sell a home in Conowingo, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 19 Days | +83.9% |
Summary: Homes in Conowingo had an average of 19 days on market in May 2024, up by 83.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conowingo are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Conowingo; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
