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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Taneytown is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Taneytown, MD cost?

Median Sold Price

$360,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$51,420(+16.7%)

Key Takeaway

Homes in Taneytown have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $292.5K$294.9K
+0.8%
3 $289.3K$314.5K
+8.7%
4 $328.9K$411.2K
+25.0%
5+ $389.4K$471.7K
+21.1%

How many homes are available in Taneytown, MD?

Number of Homes For Sale

Jul 2022Aug 2022%
2434+41.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 35
+66.7%
3 1216
+33.3%
4 812
+50.0%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
310+233.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Taneytown, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
7 Days11 Days+44.9%

Breakdown of Home Sale Times

9 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.

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

About Taneytown, MD

Taneytown, MD has 34 homes for sale to choose from. Between July 2022 and August 2022, Taneytown, MD real estate market has seen increase in the number of listings by 41.7%. While the average time on the market in August 2022 was 11 days, the median list price was $360,000. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0.8%, 3 bedrooms properties became 8.7% more expensive, 4 bedrooms properties prices increased by 25%, the cost of 5 bedrooms properties went up by 21.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 66.7%, the quantity of 3 bedrooms homes went up by 33.3%, the quantity of 4 bedrooms homes went up by 50%, number of 5 bedrooms homes remained the same. In August 2022, from all listings sold in Taneytown, MD there were more than 2 sold above asking price, over 3 sold below and more than 5 were sold right at the asked price.