Is Abingdon, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Abingdon has remained a Seller's Market.
Housing Prices in Abingdon, MD
How much do homes in Abingdon, MD cost?
Median Sold Price
$335,750
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Abingdon was $335,750 in April 2024, up 5.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173K | - | N/A |
2 Bedrooms | $248.5K | $251K | +1.0% |
3 Bedrooms | $300K | $328.5K | +9.5% |
4 Bedrooms | $427K | $445.5K | +4.3% |
5+ Bedrooms | $552.5K | $600K | +8.6% |
Summary: Abingdon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Abingdon, MD
How many homes are available in Abingdon, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 80 | -13.0% |
Summary: The Abingdon real estate market had 80 homes for sale in April 2024, a 13.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 55 | 47 | -14.5% |
4 Bedrooms | 22 | 17 | -22.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Abingdon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 25 | -37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Abingdon in April 2024, down by 37.5% month-over-month. Of the 25 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.
Days on Market for Abingdon, MD
How long does it take to sell a home in Abingdon, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 15 Days | +83.5% |
Summary: Homes in Abingdon had an average of 15 days on market in Apr 2024, up by 83.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Abingdon; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.