Is Abingdon, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Abingdon, MD
How much do homes in Abingdon, MD cost?
Median Sold Price
$335,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Abingdon have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Abingdon was $335,000 in March 2024, up 6.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | - | N/A |
| 2 Bedrooms | $247.2K | $252K | +1.9% |
| 3 Bedrooms | $299K | $325K | +8.7% |
| 4 Bedrooms | $445K | $450K | +1.1% |
| 5+ Bedrooms | $555K | $605K | +9.0% |
Summary: Abingdon housing prices by bedroom type for March 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 8.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 9%.
Housing Supply in Abingdon, MD
How many homes are available in Abingdon, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 102 | 117 | +14.7% |
Summary: The Abingdon real estate market had 117 homes for sale in March 2024, a 14.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 63 | 70 | +11.1% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Abingdon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 35 | +45.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abingdon, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Abingdon in March 2024, up by 45.8% month-over-month. Of the 35 sold homes, 23% were sold under asking, 20% were sold at asking, and 57% were sold over asking.
Days on Market for Abingdon, MD
How long does it take to sell a home in Abingdon, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +25.7% |
Summary: Homes in Abingdon had an average of 14 days on market in Mar 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Abingdon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in Abingdon; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
