Is Frederick, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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 in Frederick, MD
How much do homes in Frederick, MD cost?
Median Sold Price
$434,918
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Frederick have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Frederick was $434,918 in March 2024, up 4.2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $215K | -2.3% |
| 2 Bedrooms | $275K | $295.3K | +7.4% |
| 3 Bedrooms | $400K | $415.1K | +3.8% |
| 4 Bedrooms | $500K | $514.9K | +3.0% |
| 5+ Bedrooms | $665K | $730K | +9.8% |
Summary: Frederick housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in Frederick, MD
How many homes are available in Frederick, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 705 | 724 | +2.7% |
Summary: The Frederick real estate market had 724 homes for sale in March 2024, a 2.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 101 | 117 | +15.8% |
| 3 Bedrooms | 344 | 340 | -1.2% |
| 4 Bedrooms | 184 | 191 | +3.8% |
| 5+ Bedrooms | 73 | 71 | -2.7% |
Summary: The Frederick housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 2.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 125 | 137 | +9.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
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 137 homes were sold or pending in Frederick in March 2024, up by 9.6% month-over-month. Of the 137 sold homes, 19% were sold under asking, 42% were sold at asking, and 39% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 19 Days | -29.8% |
Summary: Homes in Frederick had an average of 19 days on market in Mar 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederick are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 137 homes were sold in Frederick; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
