Is Frostburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Frostburg was a Seller's Market.
Key Takeaway
Frostburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Frostburg, MD
How much do homes in Frostburg, MD cost?
Median Sold Price
$140,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Frostburg have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Frostburg was $140,000 in March 2024, up 1.8% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $150K | $133.9K | -10.7% |
| 3 Bedrooms | $151.5K | $143K | -5.6% |
| 4 Bedrooms | $105K | $127.4K | +21.4% |
| 5+ Bedrooms | $106.5K | $191K | +79.3% |
Summary: Frostburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 79.3%.
Housing Supply in Frostburg, MD
How many homes are available in Frostburg, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 61 | +1.7% |
Summary: The Frostburg real estate market had 61 homes for sale in March 2024, a 1.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Frostburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Frostburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Frostburg in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Frostburg, MD
How long does it take to sell a home in Frostburg, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 56 Days | +53.2% |
Summary: Homes in Frostburg had an average of 56 days on market in Mar 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frostburg are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Frostburg; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
