Is Abingdon, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Abingdon is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Abingdon has remained a Seller's Market.

Key Takeaway

Abingdon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Abingdon, MD cost?

Median Sold Price

$310,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$35,000(+12.7%)

Key Takeaway

Homes in Abingdon have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $142.9K-
N/A
2 $219.5K$225K
+2.5%
3 $265K$299.9K
+13.2%
4 $390K$417K
+6.9%
5+ $461K$489K
+6.1%

Median Sold Price Compared To Nearby Cities

Joppa
+15.1%
Abingdon
+12.7%
Belcamp
+4.5%
Edgewood
-2.3%

How many homes are available in Abingdon, MD?

Number of Homes For Sale

Jul 2022Aug 2022%
88120+36.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 39
+200.0%
3 5577
+40.0%
4 2529
+16.0%
5+ 55
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
458+1350.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Abingdon, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
6 Days8 Days+39.0%

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Abingdon are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Abingdon, MD

Number of homes for sale in Abingdon, MD real estate market have reached 120. The inventory of homes for sale in Abingdon, MD between July 2022 and August 2022 increased by 36.4%. In August 2022, listings were on the market for 8 days. During the same period, the median list price in this real estate market was $310,000. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 2.5%, prices of 3 bedrooms properties went up by 13.2%, the cost of 4 bedrooms properties went up by 6.9%, the cost of 5 bedrooms properties went up by 6.1%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 200% more available, 3 bedrooms homes inventory increased by 40%, volume of 4 bedrooms homes went up by 16%, the quantity of 5 bedrooms homes have not changed. In August 2022 more than 30 listings in Abingdon, MD were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 9 were sold below.

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