Is Frederick, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Frederick was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $210K | -4.5% |
2 Bedrooms | $265K | $299K | +12.8% |
3 Bedrooms | $400K | $412.5K | +3.1% |
4 Bedrooms | $505K | $512.9K | +1.6% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
632 | 682 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 86 | 99 | +15.1% |
3 Bedrooms | 317 | 332 | +4.7% |
4 Bedrooms | 165 | 178 | +7.9% |
5+ Bedrooms | 61 | 70 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
98 | 111 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
28 Days | 21 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
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.