Is Monkton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Monkton has remained a Buyer's Market.
Key Takeaway
Monkton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monkton, MD
How much do homes in Monkton, MD cost?
Median Sold Price
$830,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Monkton have sold for 35% more than they did a year ago.
Summary: The median home sold price in Monkton was $830,000 in November 2023, up 35% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $347K | $728K | +109.8% |
| 3 Bedrooms | $506.9K | $486K | -4.1% |
| 4 Bedrooms | $630K | $800K | +27.0% |
| 5+ Bedrooms | $925K | $874.2K | -5.5% |
Summary: Monkton housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 109.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 27%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Monkton | $615K | $830K | +35.0% |
| Baldwin | $596.2K | $633.5K | +6.3% |
| Phoenix | $677.5K | $692.4K | +2.2% |
| White Hall | $510K | $510K | 0.0% |
Housing Supply in Monkton, MD
How many homes are available in Monkton, MD?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Monkton real estate market had 24 homes for sale in November 2023, a 17.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Monkton housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monkton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Monkton in November 2023, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Monkton, MD
How long does it take to sell a home in Monkton, MD?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 11 Days | 6 Days | -43.5% |
Summary: Homes in Monkton had an average of 6 days on market in Nov 2023, down by 43.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monkton are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 2 homes were sold in Monkton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
