Is Thurmont, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Thurmont was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $242.5K | $280K | +15.5% |
3 Bedrooms | $297K | $340.5K | +14.6% |
4 Bedrooms | $365K | $460.5K | +26.2% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
46 | 48 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 3 | 3 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 11 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
24 Days | 16 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
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.