$4,216 Closing Credit*
$355,000
1,830 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cathi Miller, Listing Office: J&B Real Estate
Is Thurmont, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Thurmont has remained a Seller's Market.
Key Takeaway
Thurmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thurmont, MD
How much do homes in Thurmont, MD cost?
Median Sold Price
$384,950
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$34,950(+10.0%)
Key Takeaway
Homes in Thurmont have sold for 10% more than they did a year ago.
Summary: The median home sold price in Thurmont was $384,950 in August 2024, up 10% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $270K | -1.8% |
| 3 Bedrooms | $335K | $340.5K | +1.6% |
| 4 Bedrooms | $413K | $467.4K | +13.2% |
| 5+ Bedrooms | $395K | $565K | +43.0% |
Summary: Thurmont housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 43%.
Housing Supply in Thurmont, MD
How many homes are available in Thurmont, MD?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The Thurmont real estate market had 30 homes for sale in August 2024, a 11.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Thurmont housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thurmont, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Thurmont in August 2024, down by 56.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Thurmont, MD
How long does it take to sell a home in Thurmont, MD?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 5 Days | 15 Days | +165.0% |
Summary: Homes in Thurmont had an average of 15 days on market in Aug 2024, up by 165% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thurmont are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 7 homes were sold in Thurmont; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
