Is Mount Airy, 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, Mount Airy has remained a Seller's Market.
Key Takeaway
Mount Airy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Airy, MD
How much do homes in Mount Airy, MD cost?
Median Sold Price
$575,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mount Airy have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Mount Airy was $575,000 in May 2024, down 2.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.5K | $378.5K | +26.4% |
| 3 Bedrooms | $435K | $495K | +13.8% |
| 4 Bedrooms | $652.5K | $650K | -0.4% |
| 5+ Bedrooms | $787.5K | $845K | +7.3% |
Summary: Mount Airy 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 26.4%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Monrovia | $625K | $650K | +4.0% |
| Union Bridge | $350K | $362.5K | +3.6% |
| Mount Airy | $588K | $575K | -2.2% |
| Mount Airy | $593.5K | $575.8K | -3.0% |
Housing Supply in Mount Airy, MD
How many homes are available in Mount Airy, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 90 | +25.0% |
Summary: The Mount Airy real estate market had 90 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 21 | 33 | +57.1% |
| 4 Bedrooms | 33 | 41 | +24.2% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Mount Airy 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 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Airy, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Mount Airy in May 2024, down by 20.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for Mount Airy, MD
How long does it take to sell a home in Mount Airy, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 17 Days | +2.4% |
Summary: Homes in Mount Airy had an average of 17 days on market in May 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Airy are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Mount Airy; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
