Is Frederick 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, Frederick County has remained a Seller's Market.
Housing Prices in Frederick County, MD
How much do homes in Frederick County, MD cost?
Median Sold Price
$465,157
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Frederick County was $465,157 in April 2024, up 3.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176.7K | $230K | +30.1% |
2 Bedrooms | $275.1K | $300K | +9.0% |
3 Bedrooms | $405.2K | $420K | +3.6% |
4 Bedrooms | $549.9K | $564.4K | +2.6% |
5+ Bedrooms | $705K | $744.9K | +5.7% |
Summary: Frederick County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.1%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Counties
Adams County | $274.7K | $290.6K | +5.8% |
Carroll County | $417K | $439.9K | +5.5% |
Howard County | $523.8K | $550.3K | +5.1% |
Montgomery County | $562.2K | $588.6K | +4.7% |
Frederick County | $448K | $465.1K | +3.8% |
Housing Supply in Frederick County, MD
How many homes are available in Frederick County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
770 | 912 | +18.4% |
Summary: The Frederick County real estate market had 912 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 93 | 104 | +11.8% |
3 Bedrooms | 313 | 372 | +18.8% |
4 Bedrooms | 261 | 301 | +15.3% |
5+ Bedrooms | 99 | 130 | +31.3% |
Summary: The Frederick 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 increased by 11.8%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
254 | 228 | -10.2% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
130 Homes Were Sold
Over Asking
Summary: A total of 228 homes were sold or pending in Frederick County in April 2024, down by 10.2% month-over-month. Of the 228 sold homes, 20% were sold under asking, 23% were sold at asking, and 57% were sold over asking.
Days on Market for Frederick County, MD
How long does it take to sell a home in Frederick County, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 16 Days | -1.7% |
Summary: Homes in Frederick County had an average of 16 days on market in Apr 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
201 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 228 homes were sold in Frederick County; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.