Is Anne Arundel 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, Anne Arundel County has remained a Seller's Market.
Key Takeaway
Anne Arundel County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Anne Arundel County, MD
How much do homes in Anne Arundel County, MD cost?
Median Sold Price
$481,212
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Anne Arundel County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Anne Arundel County was $481,212 in April 2024, up 7% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $280K | +2.9% |
| 2 Bedrooms | $321.2K | $345.1K | +7.5% |
| 3 Bedrooms | $410K | $439.7K | +7.2% |
| 4 Bedrooms | $555.4K | $599.2K | +7.9% |
| 5+ Bedrooms | $743.8K | $790K | +6.2% |
Summary: Anne Arundel County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Counties
| Anne Arundel County | $449.7K | $481.2K | +7.0% |
| Baltimore County | $316.7K | $335.5K | +6.0% |
| Prince George's County | $400K | $421.2K | +5.3% |
| Howard County | $523.8K | $550.3K | +5.1% |
| Calvert County | $424.9K | $437.7K | +3.0% |
Housing Supply in Anne Arundel County, MD
How many homes are available in Anne Arundel County, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,381 | 1,661 | +20.3% |
Summary: The Anne Arundel County real estate market had 1,661 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 15 | +25.0% |
| 2 Bedrooms | 229 | 226 | -1.3% |
| 3 Bedrooms | 545 | 650 | +19.3% |
| 4 Bedrooms | 435 | 564 | +29.7% |
| 5+ Bedrooms | 160 | 206 | +28.7% |
Summary: The Anne Arundel County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes increased by 28.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 466 | 443 | -4.9% |
Asking Price vs. Sold Price
109 Homes Were Sold
Under Asking
93 Homes Were Sold
At Asking
241 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Anne Arundel County, you could pay more than the asking price. 54.4% of homes here sold above asking price last month.
Summary: A total of 443 homes were sold or pending in Anne Arundel County in April 2024, down by 4.9% month-over-month. Of the 443 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% were sold over asking.
Days on Market for Anne Arundel County, MD
How long does it take to sell a home in Anne Arundel County, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -14.0% |
Summary: Homes in Anne Arundel County had an average of 19 days on market in Apr 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
369 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Anne Arundel County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 443 homes were sold in Anne Arundel County; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
