Is Allegany County, 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, Allegany County has remained a Seller's Market.
Housing Prices in Allegany County, MD
How much do homes in Allegany County, MD cost?
Median Sold Price
$135,041
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Allegany County was $135,041 in April 2024, the same as last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $57.5K | -4.2% |
2 Bedrooms | $98.5K | $100K | +1.5% |
3 Bedrooms | $135K | $141.8K | +5.1% |
4 Bedrooms | $180K | $189.9K | +5.5% |
5+ Bedrooms | $335K | $169.5K | -49.4% |
Summary: Allegany County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 49.4%.
Median Sold Price Compared To Nearby Counties
Hampshire County | $207K | $244.9K | +18.3% |
Mineral County | $162K | $189.9K | +17.3% |
Bedford County | $176K | $206K | +17.0% |
Allegany County | $135K | $135K | 0.0% |
Morgan County | $288.5K | $285.5K | -1.0% |
Housing Supply in Allegany County, MD
How many homes are available in Allegany County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
263 | 278 | +5.7% |
Summary: The Allegany County real estate market had 278 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 38 | 38 | 0.0% |
3 Bedrooms | 151 | 159 | +5.3% |
4 Bedrooms | 48 | 53 | +10.4% |
5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The Allegany County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 53 | +6.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Allegany County in April 2024, up by 6.0% month-over-month. Of the 53 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% were sold over asking.
Days on Market for Allegany County, MD
How long does it take to sell a home in Allegany County, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 59 Days | +31.2% |
Summary: Homes in Allegany County had an average of 59 days on market in Apr 2024, up by 31.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 53 homes were sold in Allegany County; 55% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.