Is Taneytown, 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, Taneytown has remained a Seller's Market.
Key Takeaway
Taneytown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taneytown, MD
How much do homes in Taneytown, MD cost?
Median Sold Price
$340,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Taneytown have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Taneytown was $340,000 in May 2024, up 4.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | - | N/A |
| 2 Bedrooms | $332K | $342.5K | +3.2% |
| 3 Bedrooms | $310K | $325K | +4.8% |
| 4 Bedrooms | $402.9K | $431.5K | +7.1% |
| 5+ Bedrooms | $465K | $420K | -9.7% |
Summary: Taneytown 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 3.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in Taneytown, MD
How many homes are available in Taneytown, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Summary: The Taneytown real estate market had 39 homes for sale in May 2024, a 21.9% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Taneytown 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 increased by 50%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taneytown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Taneytown in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Taneytown, MD
How long does it take to sell a home in Taneytown, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 14 Days | -1.3% |
Summary: Homes in Taneytown had an average of 14 days on market in May 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
9 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 Taneytown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Taneytown; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
