Is Boonsboro, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Boonsboro was a Seller's Market.
Key Takeaway
Boonsboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Boonsboro, MD
How much do homes in Boonsboro, MD cost?
Median Sold Price
$360,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Boonsboro have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Boonsboro was $360,000 in March 2024, up 11.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $295K | +25.5% |
| 3 Bedrooms | $300K | $315K | +5.0% |
| 4 Bedrooms | $450K | $442.5K | -1.7% |
| 5+ Bedrooms | $472K | $525K | +11.2% |
Summary: Boonsboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in Boonsboro, MD
How many homes are available in Boonsboro, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Boonsboro real estate market had 32 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Boonsboro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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.
Summary: A total of 3 homes were sold or pending in Boonsboro in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Boonsboro, MD
How long does it take to sell a home in Boonsboro, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 52 Days | -16.7% |
Summary: Homes in Boonsboro had an average of 52 days on market in Mar 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Boonsboro are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Boonsboro; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
