Is Annapolis Neck, 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, Annapolis Neck has remained a Seller's Market.
Key Takeaway
Annapolis Neck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Annapolis Neck, MD
How much do homes in Annapolis Neck, MD cost?
Median Sold Price
$678,333
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Annapolis Neck have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Annapolis Neck was $678,333 in April 2024, up 6.4% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $390K | N/A |
| 2 Bedrooms | $457.5K | $520K | +13.7% |
| 3 Bedrooms | $635K | $615K | -3.1% |
| 4 Bedrooms | $645K | $760K | +17.8% |
| 5+ Bedrooms | $950K | $1.7M | +86.9% |
Summary: Annapolis Neck 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 13.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 86.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Annapolis Neck | $637.5K | $678.3K | +6.4% |
| Hillsmere Estates | $612K | $611K | -0.2% |
Housing Supply in Annapolis Neck, MD
How many homes are available in Annapolis Neck, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 68 | +13.3% |
Summary: The Annapolis Neck real estate market had 68 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Annapolis Neck 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 decreased by 20%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Annapolis Neck, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Annapolis Neck in April 2024, up by 20.0% month-over-month. Of the 18 sold homes, 11% were sold under asking, 17% were sold at asking, and 72% were sold over asking.
Days on Market for Annapolis Neck, MD
How long does it take to sell a home in Annapolis Neck, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -2.1% |
Summary: Homes in Annapolis Neck had an average of 15 days on market in Apr 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Annapolis Neck are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Annapolis Neck; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
