Is Queenstown, 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, Queenstown was a Seller's Market.
Key Takeaway
Queenstown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Queenstown, MD
How much do homes in Queenstown, MD cost?
Median Sold Price
$697,500
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Queenstown have sold for 26.8% more than they did a year ago.
Summary: The median home sold price in Queenstown was $697,500 in May 2024, up 26.8% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $840K | +460.0% |
| 3 Bedrooms | $435K | $504.5K | +16.0% |
| 4 Bedrooms | $743.9K | $697.5K | -6.2% |
| 5+ Bedrooms | $732.5K | $920K | +25.6% |
Summary: Queenstown 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 460%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 25.6%.
Housing Supply in Queenstown, MD
How many homes are available in Queenstown, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Queenstown real estate market had 15 homes for sale in May 2024, a 7.1% 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 | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Queenstown 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 remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Queenstown, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Queenstown in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Queenstown, MD
How long does it take to sell a home in Queenstown, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 2 Days | -97.8% |
Summary: Homes in Queenstown had an average of 2 days on market in May 2024, down by 97.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Queenstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Queenstown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
