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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frederick is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Frederick was a Seller's Market.

Key Takeaway

Frederick 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 in Frederick, MD

How much do homes in Frederick, MD cost?

Median Sold Price

$430,168

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$13,825(+3.3%)

Key Takeaway

Homes in Frederick have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Frederick was $430,168 in February 2024, up 3.3% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $220K$210K
-4.5%
2 $265K$299K
+12.8%
3 $400K$412.5K
+3.1%
4 $505K$512.9K
+1.6%
5+ $657.2K$735K
+11.8%

Summary: Frederick housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 11.8%.

Housing Supply in Frederick, MD

How many homes are available in Frederick, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
632682+7.9%

Summary: The Frederick real estate market had 682 homes for sale in February 2024, a 7.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 8699
+15.1%
3 317332
+4.7%
4 165178
+7.9%
5+ 6170
+14.8%

Summary: The Frederick housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
98111+13.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frederick, expect to pay close to the asking price. 42.3% of homes here sold near the asking price last month.

Summary: A total of 111 homes were sold or pending in Frederick in February 2024, up by 13.3% month-over-month. Of the 111 sold homes, 16% were sold under asking, 42% were sold at asking, and 41% were sold over asking.

Days on Market for Frederick, MD

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

Average Sale Time

Feb 2023Feb 2024CHANGE
28 Days21 Days-26.5%

Summary: Homes in Frederick had an average of 21 days on market in Feb 2024, down by 26.5% compared to last year.

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

5 Homes Were 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 February 2024, 111 homes were sold in Frederick; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 18 Days Ago

Newest Listings in Frederick, MD

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