Is Frederick County, 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, Frederick County has remained a Seller's Market.
Key Takeaway
Frederick County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederick County, MD
How much do homes in Frederick County, MD cost?
Median Sold Price
$468,240
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Frederick County have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Frederick County was $468,240 in May 2024, up 4.1% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.7K | $230K | +30.1% |
| 2 Bedrooms | $279.6K | $300.2K | +7.3% |
| 3 Bedrooms | $410K | $421K | +2.7% |
| 4 Bedrooms | $550.1K | $565K | +2.7% |
| 5+ Bedrooms | $706K | $745.2K | +5.6% |
Summary: Frederick County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Counties
| Carroll County | $415K | $441.9K | +6.5% |
| Adams County | $277K | $292K | +5.4% |
| Montgomery County | $564.1K | $592.7K | +5.1% |
| Howard County | $524.8K | $550.9K | +5.0% |
| Frederick County | $449.9K | $468.2K | +4.1% |
Housing Supply in Frederick County, MD
How many homes are available in Frederick County, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 888 | 1,067 | +20.2% |
Summary: The Frederick County real estate market had 1,067 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 111 | 107 | -3.6% |
| 3 Bedrooms | 352 | 436 | +23.9% |
| 4 Bedrooms | 292 | 350 | +19.9% |
| 5+ Bedrooms | 129 | 169 | +31.0% |
Summary: The Frederick County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 31%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 264 | 219 | -17.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
121 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederick County, you could pay more than the asking price. 55.3% of homes here sold above asking price last month.
Summary: A total of 219 homes were sold or pending in Frederick County in May 2024, down by 17.0% month-over-month. Of the 219 sold homes, 19% were sold under asking, 26% were sold at asking, and 55% were sold over asking.
Days on Market for Frederick County, MD
How long does it take to sell a home in Frederick County, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -2.8% |
Summary: Homes in Frederick County had an average of 14 days on market in May 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
192 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederick County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 219 homes were sold in Frederick County; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
