$4,963 Closing Credit*
$417,900
1,352 SqFt
3 Beds
•2 Full Baths
Eryn Topper, Listing Office: NextHome Key Realty
Is Taneytown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Taneytown has remained a Seller's Market.
Key Takeaway
Taneytown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taneytown, MD
How much do homes in Taneytown, MD cost?
Median Sold Price
$375,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,000(+11.6%)
Key Takeaway
Homes in Taneytown have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Taneytown was $375,000 in November 2024, up 11.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $315K | +5.0% |
| 2 Bedrooms | $331K | $375K | +13.3% |
| 3 Bedrooms | $317.5K | $337.5K | +6.3% |
| 4 Bedrooms | $426.5K | $439.9K | +3.2% |
| 5+ Bedrooms | $465K | $320K | -31.2% |
Summary: Taneytown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 31.2%.
Housing Supply in Taneytown, MD
How many homes are available in Taneytown, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 51 | -8.9% |
Summary: The Taneytown real estate market had 51 homes for sale in November 2024, a 8.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 6 | -45.5% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Taneytown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 45.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 12 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taneytown, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Taneytown in November 2024, down by 42.9% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Taneytown, MD
How long does it take to sell a home in Taneytown, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 26 Days | +106.6% |
Summary: Homes in Taneytown had an average of 26 days on market in Nov 2024, up by 106.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Taneytown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Taneytown; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
