Is Arnold, 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, Arnold has remained a Seller's Market.
Key Takeaway
Arnold is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arnold, MD
How much do homes in Arnold, MD cost?
Median Sold Price
$545,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Arnold have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Arnold was $545,000 in April 2024, up 6.9% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | - | N/A |
| 2 Bedrooms | $265K | $310K | +17.0% |
| 3 Bedrooms | $404.5K | $444.5K | +9.9% |
| 4 Bedrooms | $605.5K | $675K | +11.5% |
| 5+ Bedrooms | $1.0M | $877K | -16.5% |
Summary: Arnold 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 17%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in Arnold, MD
How many homes are available in Arnold, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 65 | +27.5% |
Summary: The Arnold real estate market had 65 homes for sale in April 2024, a 27.5% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 21 | 28 | +33.3% |
| 4 Bedrooms | 20 | 27 | +35.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Arnold 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 increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 35%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arnold, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Arnold in April 2024, down by 22.2% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Arnold, MD
How long does it take to sell a home in Arnold, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 16 Days | +106.5% |
Summary: Homes in Arnold had an average of 16 days on market in Apr 2024, up by 106.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Arnold are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Arnold; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
