Is Rawlings, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rawlings has remained a Buyer's Market.
Key Takeaway
Rawlings is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rawlings, MD
How much do homes in Rawlings, MD cost?
Median Sold Price
$172,450
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rawlings have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Rawlings was $172,450 in March 2024, up 6.9% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $61.8K | $116.9K | +89.2% |
| 3 Bedrooms | $161.2K | $187.4K | +16.2% |
| 4 Bedrooms | $311K | $212.5K | -31.7% |
| 5+ Bedrooms | $293K | $158K | -46.1% |
Summary: Rawlings 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 89.2%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 31.7%, and 5+ bedroom homes decreased by 46.1%.
Median Sold Price Compared To Nearby Cities
| Keyser | $120K | $176K | +46.7% |
| Rawlings | $161.2K | $172.4K | +6.9% |
Housing Supply in Rawlings, MD
How many homes are available in Rawlings, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Rawlings real estate market had 10 homes for sale in March 2024, a 16.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rawlings 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rawlings, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Rawlings in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rawlings, MD
How long does it take to sell a home in Rawlings, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 115 Days | 137 Days | +19.1% |
Summary: Homes in Rawlings had an average of 137 days on market in Mar 2024, up by 19.1% compared to last year.
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
Key Takeaway
Most homes in Rawlings are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in Rawlings; 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.
