Is Aberdeen, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Aberdeen has remained a Seller's Market.
Key Takeaway
Aberdeen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Aberdeen, MD
How much do homes in Aberdeen, MD cost?
Median Sold Price
$315,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Aberdeen have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Aberdeen was $315,000 in April 2024, up 12.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $178.5K | N/A |
| 2 Bedrooms | $200K | $203.7K | +1.9% |
| 3 Bedrooms | $270K | $305K | +13.0% |
| 4 Bedrooms | $377K | $407.5K | +8.1% |
| 5+ Bedrooms | $525.5K | $487.5K | -7.2% |
Summary: Aberdeen 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 increased by 1.9%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Aberdeen | $280K | $315K | +12.5% |
| Havre de Grace | $380K | $397K | +4.5% |
Housing Supply in Aberdeen, MD
How many homes are available in Aberdeen, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 74 | +17.5% |
Summary: The Aberdeen real estate market had 74 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Aberdeen housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Aberdeen, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Aberdeen in April 2024, down by 10.5% month-over-month. Of the 17 sold homes, 12% were sold under asking, 41% were sold at asking, and 47% were sold over asking.
Days on Market for Aberdeen, MD
How long does it take to sell a home in Aberdeen, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 16 Days | +23.5% |
Summary: Homes in Aberdeen had an average of 16 days on market in Apr 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Aberdeen are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Aberdeen; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
