Is Finksburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Finksburg was a Seller's Market.
Housing Prices in Finksburg, MD
How much do homes in Finksburg, MD cost?
Median Sold Price
$541,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Finksburg was $541,000 in April 2024, up 20.2% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $289.9K | $265K | -8.6% |
3 Bedrooms | $417K | $432K | +3.6% |
4 Bedrooms | $529K | $638K | +20.6% |
5+ Bedrooms | $685K | $820K | +19.7% |
Summary: Finksburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
Finksburg | $450K | $541K | +20.2% |
Reisterstown | $353.8K | $379.8K | +7.4% |
Owings Mills | $340K | $351.5K | +3.4% |
Housing Supply in Finksburg, MD
How many homes are available in Finksburg, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Summary: The Finksburg real estate market had 21 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 9 | 4 | -55.6% |
Summary: The Finksburg housing inventory by bedroom type for April 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 133.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 55.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 3 | -70.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Finksburg in April 2024, down by 70.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Finksburg, MD
How long does it take to sell a home in Finksburg, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 12 Days | -38.3% |
Summary: Homes in Finksburg had an average of 12 days on market in Apr 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Finksburg; 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.