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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frostburg is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Frostburg has remained a Seller's Market.

Key Takeaway

Frostburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Frostburg, MD cost?

Median Sold Price

$153,250

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$16,250(+11.9%)

Key Takeaway

Homes in Frostburg have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $65K-
N/A
2 $97K$142.5K
+46.9%
3 $138.5K$165.9K
+19.8%
4 $164.2K$110K
-33.0%
5+ $160K$176K
+10.0%

How many homes are available in Frostburg, MD?

Number of Homes For Sale

Oct 2022Nov 2022%
3629-19.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 44
0.0%
3 1816
-11.1%
4 117
-36.4%
5+ 32
-33.3%

Number of Homes Sold

Oct 2022Nov 2022%
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frostburg, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days74 Days+140.6%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Frostburg has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Frostburg, MD

Frostburg, MD has 29 homes on the market. The number of listings in Frostburg, MD decreased by 19.4% between October 2022 and November 2022. While the average time on the market in November 2022 was 74 days, the median list price was $153,250. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 46.9%, the cost of 3 bedrooms properties went up by 19.8%, prices of 4 bedrooms properties went down by 33%, 5 bedrooms properties prices increased by 10%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 11.1% less available, 4 bedrooms homes became 36.4% less available, the quantity of 5 bedrooms homes went down by 33.3%. Over 1 listings were sold over their listed price in November 2022 in Frostburg, MD. In the same period over 4 listings were sold below the listed price and 2 listings were sold for the listed price.