Is Frederick County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Frederick County has remained a Seller's Market.
Key Takeaway
Frederick County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederick County, MD
How much do homes in Frederick County, MD cost?
Median Sold Price
$474,573
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Frederick County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Frederick County was $474,573 in June 2024, up 5.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.7K | $225K | +27.3% |
| 2 Bedrooms | $281.5K | $300K | +6.6% |
| 3 Bedrooms | $405.3K | $424.1K | +4.6% |
| 4 Bedrooms | $550K | $574.9K | +4.5% |
| 5+ Bedrooms | $715K | $743.4K | +4.0% |
Summary: Frederick County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Counties
| Adams County | $277K | $299.5K | +8.1% |
| Carroll County | $418.4K | $442.3K | +5.7% |
| Howard County | $529.7K | $559.5K | +5.6% |
| Frederick County | $449.6K | $474.5K | +5.5% |
| Montgomery County | $568.8K | $596.4K | +4.9% |
Housing Supply in Frederick County, MD
How many homes are available in Frederick County, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 993 | 1,087 | +9.5% |
Summary: The Frederick County real estate market had 1,087 homes for sale in June 2024, a 9.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 94 | 100 | +6.4% |
| 3 Bedrooms | 405 | 426 | +5.2% |
| 4 Bedrooms | 335 | 397 | +18.5% |
| 5+ Bedrooms | 155 | 160 | +3.2% |
Summary: The Frederick County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 339 | 311 | -8.3% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
75 Homes Were Sold
At Asking
166 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederick County, you could pay more than the asking price. 53.4% of homes here sold above asking price last month.
Summary: A total of 311 homes were sold or pending in Frederick County in June 2024, down by 8.3% month-over-month. Of the 311 sold homes, 23% were sold under asking, 24% were sold at asking, and 53% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 12 Days | 14 Days | +17.3% |
Summary: Homes in Frederick County had an average of 14 days on market in Jun 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
268 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederick County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 311 homes were sold in Frederick County; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
