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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conowingo is a neutral's market

Buyer's
Market

Difference Since August 2022

Since last year, Conowingo has remained a Neutral Market.

Key Takeaway

Conowingo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices

How much do homes in Conowingo, MD cost?

Median Sold Price

$380,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$56,500(+17.5%)

Key Takeaway

Homes in Conowingo have sold for 17.5% more than they did a year ago.

Summary: The median home sold price in Conowingo was $380,000 in August 2023, up 17.5% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
N/A
2 $255K$455K
+78.4%
3 $314.5K$367.5K
+16.9%
4 $390K$450K
+15.4%
5+ $503K$650K
+29.2%

Summary: Conowingo housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.4%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 29.2%.

Housing Supply

How many homes are available in Conowingo, MD?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
1413-7.1%

Summary: The Conowingo real estate market had 13 homes for sale in August 2023, a 7.1% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 11
0.0%
3 99
0.0%
4 31
-66.7%
5+ 12
+100.0%

Summary: The Conowingo housing inventory by bedroom type for August 2023 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 decreased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was 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 may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Conowingo in August 2023, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
12 Days24 Days+100.0%

Summary: Homes in Conowingo had an average of 24 days on market in Aug 2023, up by 100% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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 August 2023, 2 homes were sold in Conowingo; 50% of homes were sold within 30 days, 50% 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 26 Days Ago

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