Is Federalsburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Federalsburg was a Seller's Market.
Key Takeaway
Federalsburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Federalsburg, MD
How much do homes in Federalsburg, MD cost?
Median Sold Price
$182,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Federalsburg have sold for 20.4% less than they did a year ago.
Summary: The median home sold price in Federalsburg was $182,000 in May 2024, down 20.4% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $45K | $109K | +142.2% |
| 3 Bedrooms | $240K | $182.5K | -24.0% |
| 4 Bedrooms | $146.2K | $334.4K | +128.7% |
| 5+ Bedrooms | $215K | $287K | +33.5% |
Summary: Federalsburg 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 142.2%, 3 bedroom homes decreased by 24%, 4 bedroom homes increased by 128.7%, and 5+ bedroom homes increased by 33.5%.
Housing Supply in Federalsburg, MD
How many homes are available in Federalsburg, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The Federalsburg real estate market had 25 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Federalsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Federalsburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Federalsburg in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Federalsburg, MD
How long does it take to sell a home in Federalsburg, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 118 Days | 40 Days | -65.5% |
Summary: Homes in Federalsburg had an average of 40 days on market in May 2024, down by 65.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Federalsburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Federalsburg; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
