Is Annapolis Cove, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Annapolis Cove is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Annapolis Cove has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Annapolis Cove, MD

How much do homes in Annapolis Cove, MD cost?

Median Sold Price

$860,000

$285/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$91,300(+11.9%)

Key Takeaway

Homes in Annapolis Cove have sold for 11.9% more than they did a month ago.

Summary: The median home sold price in Annapolis Cove was $860,000 in April 2024, up 11.9% from last month, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $768.7K$930K
+21.0%
5+ -$790K
N/A

Summary: Annapolis Cove housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 21%, and 5+ bedroom homes did not change.

Housing Supply in Annapolis Cove, MD

How many homes are available in Annapolis Cove, MD?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
42-50.0%

Summary: The Annapolis Cove real estate market had 2 homes for sale in April 2024, a 50.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 31
-66.7%
5+ 11
0.0%

Summary: The Annapolis Cove 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 remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Annapolis Cove, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Annapolis Cove in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Annapolis Cove, MD

How long does it take to sell a home in Annapolis Cove, MD?

Average Sale Time

Mar 2024Apr 2024CHANGE
3 Days4 Days+28.6%

Summary: Homes in Annapolis Cove had an average of 4 days on market in Apr 2024, up by 28.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Annapolis Cove; 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.

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

Report Updated 1 Day Ago

Newest Listings in Annapolis Cove, MD