Is Hagerstown, 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, Hagerstown has remained a Seller's Market.
Key Takeaway
Hagerstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hagerstown, MD
How much do homes in Hagerstown, MD cost?
Median Sold Price
$300,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hagerstown have sold for 19.8% more than they did a year ago.
Summary: The median home sold price in Hagerstown was $300,000 in April 2024, up 19.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.5K | $126K | +26.6% |
| 2 Bedrooms | $194.9K | $230K | +18.0% |
| 3 Bedrooms | $240K | $290K | +20.8% |
| 4 Bedrooms | $337K | $392K | +16.3% |
| 5+ Bedrooms | $375K | $450K | +20.0% |
Summary: Hagerstown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 20%.
Housing Supply in Hagerstown, MD
How many homes are available in Hagerstown, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 311 | 349 | +12.2% |
Summary: The Hagerstown real estate market had 349 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 60 | 62 | +3.3% |
| 3 Bedrooms | 147 | 155 | +5.4% |
| 4 Bedrooms | 69 | 99 | +43.5% |
| 5+ Bedrooms | 35 | 30 | -14.3% |
Summary: The Hagerstown 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 3.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 87 | 65 | -25.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hagerstown, you may be able to get a good deal. 36.9% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Hagerstown in April 2024, down by 25.3% month-over-month. Of the 65 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.
Days on Market for Hagerstown, MD
How long does it take to sell a home in Hagerstown, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -9.1% |
Summary: Homes in Hagerstown had an average of 33 days on market in Apr 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hagerstown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 65 homes were sold in Hagerstown; 66% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
