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

Housing Market Conditions



Gauge showing Taneytown is a seller's market


Difference Since November 2022

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



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Taneytown have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Taneytown was $332,000 in November 2023, up 3.8% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 -$300K
2 $316.2K$330.5K
3 $289.9K$317.5K
4 $415.1K$425K
5+ $430K$465K

Summary: Taneytown 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 4.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 8.1%.

Housing Supply in Taneytown, MD

How many homes are available in Taneytown, MD?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Taneytown real estate market had 40 homes for sale in November 2023, a 13.0% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
2 83
3 2021
4 1314
5+ 52

Summary: The Taneytown 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 decreased by 62.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Taneytown, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Taneytown in November 2023, down by 14.3% month-over-month. Of the 12 sold homes, 8% were sold under asking, 42% were sold at asking, and 50% 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 2022Nov 2023CHANGE
56 Days12 Days-78.0%

Summary: Homes in Taneytown had an average of 12 days on market in Nov 2023, down by 78% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Taneytown are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 12 homes were sold in Taneytown; 92% of homes were sold within 30 days, 8% 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 2 Days Ago

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