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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frederick County is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Frederick County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Frederick County, MD

How much do homes in Frederick County, MD cost?

Median Sold Price

$459,676

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,811(+2.2%)

Key Takeaway

Homes in Frederick County have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Frederick County was $459,676 in February 2024, up 2.2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $199.9K$210K
+5.1%
2 $269.1K$300K
+11.5%
3 $404.9K$415K
+2.5%
4 $550.1K$555K
+0.9%
5+ $710K$749.4K
+5.6%

Summary: Frederick County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Counties

Howard County
+5.4%
Carroll County
+4.9%
Adams County
+4.7%
Montgomery County
+3.6%
Frederick County
+2.2%

Housing Supply in Frederick County, MD

How many homes are available in Frederick County, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,2751,375+7.8%

Summary: The Frederick County real estate market had 1,375 homes for sale in February 2024, a 7.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 55
0.0%
2 119137
+15.1%
3 542567
+4.6%
4 436483
+10.8%
5+ 173183
+5.8%

Summary: The Frederick County 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 4.6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 5.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
157187+19.1%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

70 Homes Were Sold
At Asking

81 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frederick County, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.

Summary: A total of 187 homes were sold or pending in Frederick County in February 2024, up by 19.1% month-over-month. Of the 187 sold homes, 19% were sold under asking, 37% were sold at asking, and 43% were sold over asking.

Days on Market for Frederick County, MD

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

Average Sale Time

Feb 2023Feb 2024CHANGE
28 Days20 Days-30.2%

Summary: Homes in Frederick County had an average of 20 days on market in Feb 2024, down by 30.2% compared to last year.

Breakdown of Home Sale Times

145 Homes Were Sold
Under 30 Days

37 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 County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 187 homes were sold in Frederick County; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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 4 Days Ago

Newest Listings in Frederick County, MD

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