Is Frankford, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Frankford has remained a Seller's Market.
Key Takeaway
Frankford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankford, MD
How much do homes in Frankford, MD cost?
Median Sold Price
$233,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Frankford have sold for 11% more than they did a year ago.
Summary: The median home sold price in Frankford was $233,000 in April 2024, up 11% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189.9K | $142.4K | -25.0% |
| 3 Bedrooms | $193.5K | $210K | +8.5% |
| 4 Bedrooms | $232K | $282.4K | +21.7% |
| 5+ Bedrooms | $324.5K | $335K | +3.2% |
Summary: Frankford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in Frankford, MD
How many homes are available in Frankford, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Summary: The Frankford real estate market had 30 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Frankford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Frankford in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Frankford, MD
How long does it take to sell a home in Frankford, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 35 Days | +132.5% |
Summary: Homes in Frankford had an average of 35 days on market in Apr 2024, up by 132.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frankford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Frankford; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
