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 April 2023
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
$481,212
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Anne Arundel County was $481,212 in April 2024, up 7% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272K | $280K | +2.9% |
2 Bedrooms | $321.2K | $345.1K | +7.5% |
3 Bedrooms | $410K | $439.7K | +7.2% |
4 Bedrooms | $555.4K | $599.2K | +7.9% |
5+ Bedrooms | $743.8K | $790K | +6.2% |
Summary: Anne Arundel County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Counties
Anne Arundel County | $449.7K | $481.2K | +7.0% |
Baltimore County | $316.7K | $335.5K | +6.0% |
Prince George's County | $400K | $421.2K | +5.3% |
Howard County | $523.8K | $550.3K | +5.1% |
Calvert County | $424.9K | $437.7K | +3.0% |
Housing Supply in Anne Arundel County, MD
How many homes are available in Anne Arundel County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,381 | 1,661 | +20.3% |
Summary: The Anne Arundel County real estate market had 1,661 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 15 | +25.0% |
2 Bedrooms | 229 | 226 | -1.3% |
3 Bedrooms | 545 | 650 | +19.3% |
4 Bedrooms | 435 | 564 | +29.7% |
5+ Bedrooms | 160 | 206 | +28.7% |
Summary: The Anne Arundel County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes increased by 28.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
466 | 443 | -4.9% |
Asking Price vs. Sold Price
109 Homes Were Sold
Under Asking
93 Homes Were Sold
At Asking
241 Homes Were Sold
Over Asking
Summary: A total of 443 homes were sold or pending in Anne Arundel County in April 2024, down by 4.9% month-over-month. Of the 443 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 19 Days | -14.0% |
Summary: Homes in Anne Arundel County had an average of 19 days on market in Apr 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
369 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During April 2024, 443 homes were sold in Anne Arundel County; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.