Is Myersville, 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, Myersville has remained a Seller's Market.
Key Takeaway
Myersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Myersville, MD
How much do homes in Myersville, MD cost?
Median Sold Price
$555,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Myersville have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Myersville was $555,500 in May 2024, up 11.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $375K | N/A |
| 3 Bedrooms | $426K | $500K | +17.4% |
| 4 Bedrooms | $525K | $600K | +14.3% |
| 5+ Bedrooms | $775K | $709.9K | -8.4% |
Summary: Myersville 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 17.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in Myersville, MD
How many homes are available in Myersville, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Myersville real estate market had 23 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Myersville 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 28.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myersville, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Myersville in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Myersville, MD
How long does it take to sell a home in Myersville, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +37.4% |
Summary: Homes in Myersville had an average of 31 days on market in May 2024, up by 37.4% compared to last year.
Breakdown of Home Sale Times
4 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 Myersville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Myersville; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
