Is Jarrettsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jarrettsville has remained a Seller's Market.
Key Takeaway
Jarrettsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jarrettsville, MD
How much do homes in Jarrettsville, MD cost?
Median Sold Price
$547,500
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jarrettsville have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Jarrettsville was $547,500 in May 2024, up 11.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $387K | $327.5K | -15.4% |
| 3 Bedrooms | $425K | $422.5K | -0.6% |
| 4 Bedrooms | $542.5K | $598.5K | +10.3% |
| 5+ Bedrooms | $850K | $732.5K | -13.8% |
Summary: Jarrettsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Forest Hill | $399.9K | $450.5K | +12.7% |
| Jarrettsville | $489.7K | $547.5K | +11.8% |
| Street | $454K | $503.5K | +10.9% |
| White Hall | $510K | $510K | 0.0% |
| Fallston | $545K | $530K | -2.8% |
Housing Supply in Jarrettsville, MD
How many homes are available in Jarrettsville, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Summary: The Jarrettsville real estate market had 26 homes for sale in May 2024, a 36.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Jarrettsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jarrettsville, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Jarrettsville in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 11 Days | -55.1% |
Summary: Homes in Jarrettsville had an average of 11 days on market in May 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was 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 May 2024, 7 homes were sold in Jarrettsville; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
