Is Frostburg, 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, Frostburg has remained a Seller's Market.
Key Takeaway
Frostburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frostburg, MD
How much do homes in Frostburg, MD cost?
Median Sold Price
$143,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Frostburg have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Frostburg was $143,000 in April 2024, up 2.7% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $150K | $129.9K | -13.4% |
| 3 Bedrooms | $140K | $150K | +7.1% |
| 4 Bedrooms | $105K | $127.4K | +21.4% |
| 5+ Bedrooms | $106.5K | $191K | +79.3% |
Summary: Frostburg 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 13.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 79.3%.
Housing Supply in Frostburg, MD
How many homes are available in Frostburg, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 41 | +13.9% |
Summary: The Frostburg real estate market had 41 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Frostburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frostburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Frostburg in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Frostburg, MD
How long does it take to sell a home in Frostburg, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 82 Days | +158.3% |
Summary: Homes in Frostburg had an average of 82 days on market in Apr 2024, up by 158.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Frostburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in Frostburg; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
