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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conowingo is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Conowingo was a Seller's Market.

Key Takeaway

Conowingo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Conowingo, MD

How much do homes in Conowingo, MD cost?

Median Sold Price

$372,500

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$21,250(-5.4%)

Key Takeaway

Homes in Conowingo have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Conowingo was $372,500 in February 2024, down 5.4% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $384.8K$290K
-24.6%
3 $370.5K$370K
-0.1%
4 $392.5K$455K
+15.9%
5+ $650K$430K
-33.8%

Summary: Conowingo housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 33.8%.

Housing Supply in Conowingo, MD

How many homes are available in Conowingo, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1416+14.3%

Summary: The Conowingo real estate market had 16 homes for sale in February 2024, a 14.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 910
+11.1%
4 24
+100.0%
5+ 32
-33.3%

Summary: The Conowingo housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 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 Conowingo, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Conowingo in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Conowingo, MD

How long does it take to sell a home in Conowingo, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
46 Days20 Days-57.1%

Summary: Homes in Conowingo had an average of 20 days on market in Feb 2024, down by 57.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Conowingo are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Conowingo; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

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