Is Anne Arundel County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Anne Arundel County has remained a Seller's Market.
Key Takeaway
Anne Arundel County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Anne Arundel County, MD
How much do homes in Anne Arundel County, MD cost?
Median Sold Price
$478,236
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Anne Arundel County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Anne Arundel County was $478,236 in November 2023, up 8.3% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $268.5K | -10.5% |
| 2 Bedrooms | $313.4K | $340.2K | +8.6% |
| 3 Bedrooms | $407.4K | $430K | +5.5% |
| 4 Bedrooms | $545.5K | $586.9K | +7.6% |
| 5+ Bedrooms | $725K | $781K | +7.7% |
Summary: Anne Arundel County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Counties
| Anne Arundel County | $441.6K | $478.2K | +8.3% |
| Howard County | $508.6K | $544.1K | +7.0% |
| Prince George's County | $394.8K | $416.5K | +5.5% |
| Baltimore County | $314.8K | $328.8K | +4.5% |
| Calvert County | $430K | $425K | -1.2% |
Housing Supply in Anne Arundel County, MD
How many homes are available in Anne Arundel County, MD?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2,421 | 2,331 | -3.7% |
Summary: The Anne Arundel County real estate market had 2,331 homes for sale in November 2023, a 3.7% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 21 | -8.7% |
| 2 Bedrooms | 297 | 310 | +4.4% |
| 3 Bedrooms | 952 | 920 | -3.4% |
| 4 Bedrooms | 795 | 736 | -7.4% |
| 5+ Bedrooms | 354 | 344 | -2.8% |
Summary: The Anne Arundel County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 2.8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 486 | 438 | -9.9% |
Asking Price vs. Sold Price
109 Homes Were Sold
Under Asking
154 Homes Were Sold
At Asking
175 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Anne Arundel County, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 438 homes were sold or pending in Anne Arundel County in November 2023, down by 9.9% month-over-month. Of the 438 sold homes, 25% were sold under asking, 35% were sold at asking, and 40% were sold over asking.
Days on Market for Anne Arundel County, MD
How long does it take to sell a home in Anne Arundel County, MD?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -16.5% |
Summary: Homes in Anne Arundel County had an average of 19 days on market in Nov 2023, down by 16.5% compared to last year.
Breakdown of Home Sale Times
351 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Anne Arundel County are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 438 homes were sold in Anne Arundel County; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
