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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeland is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Freeland 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 Freeland, MD

How much do homes in Freeland, MD cost?

Median Sold Price

$530,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$62,500(+13.4%)

Key Takeaway

Homes in Freeland have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in Freeland was $530,000 in May 2024, up 13.4% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$492.5K
N/A
3 $350K$440K
+25.7%
4 $577.5K$637.5K
+10.4%
5+ $650K$641K
-1.4%

Summary: Freeland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Freeland
+13.4%
Parkton
+4.2%
New Freedom
+2.6%
Shrewsbury Township
-0.7%
Codorus Township
-15.3%

Housing Supply in Freeland, MD

How many homes are available in Freeland, MD?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1114+27.3%

Summary: The Freeland real estate market had 14 homes for sale in May 2024, a 27.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 67
+16.7%
4 13
+200.0%
5+ 32
-33.3%

Summary: The Freeland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeland, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Freeland in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Freeland, MD

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

Average Sale Time

May 2023May 2024CHANGE
42 Days4 Days-90.6%

Summary: Homes in Freeland had an average of 4 days on market in May 2024, down by 90.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Freeland are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Freeland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Freeland, MD

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