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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Emmitsburg is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Emmitsburg was a Seller's Market.

Key Takeaway

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

How much do homes in Emmitsburg, MD cost?

Median Sold Price

$505,000

$231/sqft

Based on all homes sold in May 2023.

Difference Since Last Month

+$30,500(+6.4%)

Key Takeaway

Homes in Emmitsburg have sold for 6.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023May 2023%
1 --
N/A
2 $215K-
N/A
3 $315K-
N/A
4 $534.5K$505K
-5.5%
5+ --
N/A

How many homes are available in Emmitsburg, MD?

Number of Homes For Sale

Apr 2023May 2023%
98-11.1%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 10
-100.0%
3 24
+100.0%
4 53
-40.0%
5+ 11
0.0%

Number of Homes Sold

Apr 2023May 2023%
61-83.3%

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

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

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

Average Sale Time

Apr 2023May 2023%
7 Days5 Days-36.2%

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 Emmitsburg 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 Emmitsburg, MD

Number of homes for sale in Emmitsburg, MD real estate market have reached 8. The number of homes for sale in Emmitsburg, MD decreased by 11.1% between April 2023 and May 2023. In May 2023, listings were on the market for 5 days. During the same period, the median list price in this real estate market was $505,000. From May 2022 through May 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, the cost of 3 bedrooms properties went up by 0%, the cost of 4 bedrooms properties went down by 5.5%, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 100%, number of 3 bedrooms homes increased by 100%, number of 4 bedrooms homes decreased by 40%, the quantity of 5 bedrooms homes have not changed. While more than 1 listings in Emmitsburg, MD in May 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.