Is Boonsboro, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boonsboro is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Boonsboro has remained a Seller's Market.

Key Takeaway

Boonsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Boonsboro, MD cost?

Median Sold Price

$316,950

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$12,050(+4.0%)

Key Takeaway

Homes in Boonsboro have sold for 4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $207.5K$250K
+20.5%
3 $290K$303.3K
+4.6%
4 $360K$443K
+23.1%
5+ $415K$373.5K
-10.0%

How many homes are available in Boonsboro, MD?

Number of Homes For Sale

Oct 2022Nov 2022%
128-33.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 54
-20.0%
4 62
-66.7%
5+ 01
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boonsboro, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days9 Days-59.3%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boonsboro are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Boonsboro, MD

Boonsboro, MD has 8 homes for sale to choose from. Between October 2022 and November 2022, Boonsboro, MD real estate market has seen decrease in the number of listings by 33.3%. While the average time on the market in November 2022 was 9 days, the median list price was $316,950. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 20.5%, the cost of 3 bedrooms properties went up by 4.6%, prices of 4 bedrooms properties increased by 23.1%, 5 bedrooms properties prices decreased by 10%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory decreased by 20%, 4 bedrooms homes inventory decreased by 66.7%, number of 5 bedrooms homes increased by 100%. In November 2022, from all listings sold in Boonsboro, MD there were more than 1 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.