Is Jarrettsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Jarrettsville was a Seller's Market.
Key Takeaway
Jarrettsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jarrettsville, MD
How much do homes in Jarrettsville, MD cost?
Median Sold Price
$550,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jarrettsville have sold for 24.7% more than they did a year ago.
Summary: The median home sold price in Jarrettsville was $550,000 in April 2024, up 24.7% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $409K | $335K | -18.1% |
| 3 Bedrooms | $425K | $450K | +5.9% |
| 4 Bedrooms | $530K | $625K | +17.9% |
| 5+ Bedrooms | $450K | $715K | +58.9% |
Summary: Jarrettsville 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 18.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 58.9%.
Median Sold Price Compared To Nearby Cities
| Jarrettsville | $441K | $550K | +24.7% |
| Forest Hill | $407.5K | $439K | +7.7% |
| White Hall | $510K | $517.5K | +1.5% |
| Fallston | $540K | $530K | -1.9% |
Housing Supply in Jarrettsville, MD
How many homes are available in Jarrettsville, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Jarrettsville real estate market had 19 homes for sale in April 2024, a 18.8% 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 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jarrettsville 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jarrettsville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Jarrettsville in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Jarrettsville, MD
How long does it take to sell a home in Jarrettsville, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 11 Days | -72.8% |
Summary: Homes in Jarrettsville had an average of 11 days on market in Apr 2024, down by 72.8% compared to last year.
Breakdown of Home Sale Times
2 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 Jarrettsville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Jarrettsville; 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.
