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.
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
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
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
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.