Is Conowingo, 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, Conowingo has remained a Seller's Market.
Key Takeaway
Conowingo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conowingo, MD
How much do homes in Conowingo, MD cost?
Median Sold Price
$370,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Conowingo have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Conowingo was $370,000 in April 2024, down 6.3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $384.8K | $290K | -24.6% |
| 3 Bedrooms | $346K | $372.5K | +7.7% |
| 4 Bedrooms | $415K | $399K | -3.9% |
| 5+ Bedrooms | $650K | $430K | -33.8% |
Summary: Conowingo 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 decreased by 24.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 33.8%.
Median Sold Price Compared To Nearby Cities
| Darlington | $332.5K | $369K | +11.0% |
| Conowingo | $395K | $370K | -6.3% |
Housing Supply in Conowingo, MD
How many homes are available in Conowingo, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Summary: The Conowingo real estate market had 12 homes for sale in April 2024, a 71.4% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Conowingo 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conowingo, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Conowingo in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Conowingo, MD
How long does it take to sell a home in Conowingo, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | 0.0% |
Summary: Homes in Conowingo had an average of 6 days on market in Apr 2024, the same as last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conowingo are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Conowingo; 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.
