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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thurmont is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Thurmont was a Neutral 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

$372,500

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$64,500(+20.9%)

Key Takeaway

Homes in Thurmont have sold for 20.9% more than they did a year ago.

Summary: The median home sold price in Thurmont was $372,500 in February 2024, up 20.9% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $242.5K$280K
+15.5%
3 $297K$340.5K
+14.6%
4 $365K$460.5K
+26.2%
5+ $349K$400K
+14.6%

Summary: Thurmont housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 14.6%.

Housing Supply in Thurmont, MD

How many homes are available in Thurmont, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4648+4.3%

Summary: The Thurmont real estate market had 48 homes for sale in February 2024, a 4.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 2421
-12.5%
4 1619
+18.8%
5+ 33
0.0%

Summary: The Thurmont housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thurmont, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Thurmont in February 2024, up by 37.5% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% 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

Feb 2023Feb 2024CHANGE
24 Days16 Days-34.0%

Summary: Homes in Thurmont had an average of 16 days on market in Feb 2024, down by 34% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 11 homes were sold in Thurmont; 82% of homes were sold within 30 days, 18% 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 27 Days Ago

Newest Listings in Thurmont, MD

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