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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monkton is a seller's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Monkton was a Neutral Market.

Key Takeaway

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

How much do homes in Monkton, MD cost?

Median Sold Price

$699,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$32,555(+4.9%)

Key Takeaway

Homes in Monkton have sold for 4.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $190K-
N/A
2 -$444K
N/A
3 $445K$501.5K
+12.7%
4 $629.9K$695K
+10.3%
5+ $784.5K$886.2K
+13.0%

Median Sold Price Compared To Nearby Cities

Baldwin
+18.8%
Phoenix
+12.9%
Monkton
+4.9%
Sparks Glencoe
+4.9%
White Hall
-14.6%

How many homes are available in Monkton, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
2725-7.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 00
0.0%
3 57
+40.0%
4 109
-10.0%
5+ 129
-25.0%

Number of Homes Sold

Aug 2022Sep 2022%
68+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monkton, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
127 Days11 Days-90.8%

Breakdown of Home Sale Times

8 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 Monkton are selling fast, if you're buying plan to act quickly.

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

About Monkton, MD

Monkton, MD has 25 homes on the market. In September 2022 in Monkton, MD there were 7.4% less homes for sale than in August 2022. The median list price of listings available in September 2022 was $699,000, while the average time on the real estate market was 11 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, the cost of 3 bedrooms properties went up by 12.7%, the cost of 4 bedrooms properties went up by 10.3%, 5 bedrooms properties became 13% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory increased by 40%, the quantity of 4 bedrooms homes went down by 10%, the quantity of 5 bedrooms homes went down by 25%. Monkton, MD housing market in September 2022 saw over 4 listings sold above listed price, more than 1 sold at listed price and over 3 sold below.

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