Is Thurmont, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Thurmont was a Seller's Market.
Housing Prices in Thurmont, MD
How much do homes in Thurmont, MD cost?
Median Sold Price
$375,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Thurmont was $375,000 in March 2024, up 19% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $295K | +22.9% |
3 Bedrooms | $307K | $335K | +9.1% |
4 Bedrooms | $370K | $467.4K | +26.3% |
5+ Bedrooms | $349K | $400K | +14.6% |
Summary: Thurmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 26.3%, 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 45 | -11.8% |
Summary: The Thurmont real estate market had 45 homes for sale in March 2024, a 11.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Thurmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 5 | -61.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Thurmont in March 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 9 Days | -76.7% |
Summary: Homes in Thurmont had an average of 9 days on market in Mar 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Thurmont; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.