Is Annapolis, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Annapolis was a Seller's Market.
Housing Prices in Annapolis, MD
How much do homes in Annapolis, MD cost?
Median Sold Price
$599,862
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Annapolis was $599,862 in February 2024, up 10% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $314K | +4.7% |
2 Bedrooms | $339.7K | $425K | +25.1% |
3 Bedrooms | $545K | $539.5K | -1.0% |
4 Bedrooms | $690K | $760K | +10.1% |
5+ Bedrooms | $919.5K | $1.1M | +27.8% |
Summary: Annapolis housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 25.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 27.8%.
Housing Supply in Annapolis, MD
How many homes are available in Annapolis, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
442 | 447 | +1.1% |
Summary: The Annapolis real estate market had 447 homes for sale in February 2024, a 1.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 111 | 120 | +8.1% |
3 Bedrooms | 138 | 132 | -4.3% |
4 Bedrooms | 125 | 128 | +2.4% |
5+ Bedrooms | 60 | 58 | -3.3% |
Summary: The Annapolis housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
88 | 65 | -26.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Annapolis in February 2024, down by 26.1% month-over-month. Of the 65 sold homes, 38% were sold under asking, 26% were sold at asking, and 35% were sold over asking.
Days on Market for Annapolis, MD
How long does it take to sell a home in Annapolis, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 41 Days | -8.9% |
Summary: Homes in Annapolis had an average of 41 days on market in Feb 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During February 2024, 65 homes were sold in Annapolis; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.