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

Housing Market Conditions



Gauge showing Frederick is a seller's market


Difference Since August 2022

Since last year, Frederick has remained a Seller's Market.

Key Takeaway

Frederick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Frederick, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Frederick have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Frederick was $425,451 in August 2023, up 9.1% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $165K$174.2K
2 $258.9K$295.5K
3 $374.7K$410K
4 $485K$524.9K
5+ $569.2K$680K

Summary: Frederick housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 19.5%.

Housing Supply

How many homes are available in Frederick, MD?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Frederick real estate market had 659 homes for sale in August 2023, a 1.3% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 56
2 97105
3 324318
4 188171
5+ 5459

Summary: The Frederick housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 9.3%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

97 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frederick, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 182 homes were sold or pending in Frederick in August 2023, down by 4.2% month-over-month. Of the 182 sold homes, 19% were sold under asking, 28% were sold at asking, and 53% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
14 Days11 Days-18.6%

Summary: Homes in Frederick had an average of 11 days on market in Aug 2023, down by 18.6% compared to last year.

Breakdown of Home Sale Times

165 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Frederick are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 182 homes were sold in Frederick; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 1% 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 24 Days Ago

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