Is Hagerstown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, Hagerstown has remained a Seller's Market.
Key Takeaway
Hagerstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Hagerstown, MD cost?
Median Sold Price
$230,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$37,345(+19.4%)
Key Takeaway
Homes in Hagerstown have sold for 19.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $75K | $104.7K | +39.7% |
| 2 Bedrooms | $167.9K | $190K | +13.1% |
| 3 Bedrooms | $195K | $224.9K | +15.3% |
| 4 Bedrooms | $266K | $300K | +12.8% |
| 5+ Bedrooms | $247.5K | $353.7K | +42.9% |
How many homes are available in Hagerstown, MD?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 265 | 302 | +14.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 39 | 44 | +12.8% |
| 3 Bedrooms | 128 | 134 | +4.7% |
| 4 Bedrooms | 70 | 91 | +30.0% |
| 5+ Bedrooms | 27 | 32 | +18.5% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 30 | 59 | +96.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hagerstown, expect to pay close to the asking price. 37.3% of homes here sold near the asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 46 Days | 43 Days | -7.0% |
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hagerstown are selling fast, if you're buying plan to act quickly.
