Is Taneytown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$332,000
$195/sqft
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
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $316.2K | $330.5K | +4.5% |
| 3 Bedrooms | $289.9K | $317.5K | +9.5% |
| 4 Bedrooms | $415.1K | $425K | +2.4% |
| 5+ Bedrooms | $430K | $465K | +8.1% |
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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 46 | 40 | -13.0% |
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
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 56 Days | 12 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
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.
