Is Hagerstown, 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, Hagerstown was a Seller's Market.
Housing Prices in Hagerstown, MD
How much do homes in Hagerstown, MD cost?
Median Sold Price
$300,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hagerstown was $300,000 in March 2024, up 25% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104.7K | $126K | +20.3% |
2 Bedrooms | $191K | $230K | +20.4% |
3 Bedrooms | $235K | $289.9K | +23.4% |
4 Bedrooms | $310K | $394.9K | +27.4% |
5+ Bedrooms | $375K | $449.9K | +20.0% |
Summary: Hagerstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 20%.
Housing Supply in Hagerstown, MD
How many homes are available in Hagerstown, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
543 | 558 | +2.8% |
Summary: The Hagerstown real estate market had 558 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 72 | 81 | +12.5% |
3 Bedrooms | 243 | 253 | +4.1% |
4 Bedrooms | 156 | 152 | -2.6% |
5+ Bedrooms | 70 | 70 | 0.0% |
Summary: The Hagerstown 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 increased by 12.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 78 | +8.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Hagerstown in March 2024, up by 8.3% month-over-month. Of the 78 sold homes, 38% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Hagerstown, MD
How long does it take to sell a home in Hagerstown, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 45 Days | +63.9% |
Summary: Homes in Hagerstown had an average of 45 days on market in Mar 2024, up by 63.9% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 78 homes were sold in Hagerstown; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.