Is Swanton, 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, Swanton has remained a Buyer's Market.
Key Takeaway
Swanton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Swanton, MD
How much do homes in Swanton, MD cost?
Median Sold Price
$680,600
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Swanton have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Swanton was $680,600 in April 2024, up 7.2% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $356.2K | +275.0% |
| 3 Bedrooms | $530.7K | $397.5K | -25.1% |
| 4 Bedrooms | $822.5K | $637K | -22.6% |
| 5+ Bedrooms | $814.5K | $1.8M | +131.7% |
Summary: Swanton 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 increased by 275%, 3 bedroom homes decreased by 25.1%, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes increased by 131.7%.
Median Sold Price Compared To Nearby Cities
| Swanton | $635K | $680.6K | +7.2% |
| Mc Henry | $685K | $699K | +2.0% |
Housing Supply in Swanton, MD
How many homes are available in Swanton, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The Swanton real estate market had 29 homes for sale in April 2024, a 6.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Swanton 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 decreased by 16.7%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 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 Swanton, 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 Swanton in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Swanton, MD
How long does it take to sell a home in Swanton, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 196 Days | 10 Days | -94.7% |
Summary: Homes in Swanton had an average of 10 days on market in Apr 2024, down by 94.7% compared to 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 Swanton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Swanton; 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.
