Is Mount Airy, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Airy is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Mount Airy was a Seller's Market.

Key Takeaway

Mount Airy is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mount Airy, MD

How much do homes in Mount Airy, MD cost?

Median Sold Price

$571,666

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$7,083(-1.2%)

Key Takeaway

Homes in Mount Airy have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Mount Airy was $571,666 in March 2024, down 1.2% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $305K$378.5K
+24.1%
3 $400K$477.5K
+19.4%
4 $647.5K$650K
0.4%
5+ $745K$840K
+12.8%

Summary: Mount Airy housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 12.8%.

Median Sold Price Compared To Nearby Cities

Mount Airy
-1.2%
Mount Airy
-3.1%

Housing Supply in Mount Airy, MD

How many homes are available in Mount Airy, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
97107+10.3%

Summary: The Mount Airy real estate market had 107 homes for sale in March 2024, a 10.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 2730
+11.1%
4 4446
+4.5%
5+ 2124
+14.3%

Summary: The Mount Airy 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 40%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Airy, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Mount Airy in March 2024, down by 13.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.

Days on Market for Mount Airy, MD

How long does it take to sell a home in Mount Airy, MD?

Average Sale Time

Mar 2023Mar 2024CHANGE
25 Days9 Days-62.4%

Summary: Homes in Mount Airy had an average of 9 days on market in Mar 2024, down by 62.4% compared to last year.

Breakdown of Home Sale Times

13 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 Mount Airy are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 13 homes were sold in Mount Airy; 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.

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

Report Updated 11 Days Ago

Newest Listings in Mount Airy, MD

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