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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oldtown is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Oldtown has remained a Neutral Market.

Key Takeaway

Oldtown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Oldtown, MD

How much do homes in Oldtown, MD cost?

Median Sold Price

$275,000

$148/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$65,000(+31.0%)

Key Takeaway

Homes in Oldtown have sold for 31% more than they did a month ago.

Summary: The median home sold price in Oldtown was $275,000 in September 2024, up 31% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $210K$275K
+31.0%
5+ --
N/A

Summary: Oldtown housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 31%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Oldtown
+31.0%
Paw Paw
-48.9%

Housing Supply in Oldtown, MD

How many homes are available in Oldtown, MD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
770.0%

Summary: The Oldtown real estate market had 7 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 33
0.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The Oldtown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oldtown, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Oldtown in September 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Oldtown, MD

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

Average Sale Time

Aug 2024Sep 2024CHANGE
2 Days246 Days+12200.0%

Summary: Homes in Oldtown had an average of 246 days on market in Sep 2024, up by 12200% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Oldtown are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 1 homes were sold in Oldtown; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 30 Days Ago

Newest Listings in Oldtown, MD

Nearby Markets to Oldtown, MD

What housing markets are near Oldtown, MD?