$10,000 Closing Credit*
$1,044,900
4 Beds
•2 Full Baths, 1 Partial
Lisa Alatis-Hapney, Listing Office: Samson Properties
Is Finksburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Finksburg has remained a Seller's Market.
Key Takeaway
Finksburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Finksburg, MD
How much do homes in Finksburg, MD cost?
Median Sold Price
$530,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,000(+2.9%)
Key Takeaway
Homes in Finksburg have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Finksburg was $530,000 in September 2024, up 2.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274.9K | - | N/A |
| 3 Bedrooms | $431K | $430K | -0.2% |
| 4 Bedrooms | $565K | $610K | +8.0% |
| 5+ Bedrooms | $857.5K | $825K | -3.8% |
Summary: Finksburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Reisterstown | $375K | $405K | +8.0% |
| Owings Mills | $346.5K | $371.4K | +7.2% |
| Finksburg | $515K | $530K | +2.9% |
Housing Supply in Finksburg, MD
How many homes are available in Finksburg, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Finksburg real estate market had 27 homes for sale in September 2024, a 8.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Finksburg housing inventory by bedroom type for September 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 9.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Finksburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Finksburg in September 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Finksburg, MD
How long does it take to sell a home in Finksburg, MD?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +10.7% |
Summary: Homes in Finksburg had an average of 25 days on market in Sep 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Finksburg are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 6 homes were sold in Finksburg; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
