Is Knoxville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Knoxville was a Neutral Market.
Housing Prices in Knoxville, MD
How much do homes in Knoxville, MD cost?
Median Sold Price
$385,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Knoxville was $385,000 in May 2024, up 9.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210K | $290K | +38.1% |
3 Bedrooms | $355K | $355.5K | 0.1% |
4 Bedrooms | $465K | $600K | +29.0% |
5+ Bedrooms | $660K | $751.2K | +13.8% |
Summary: Knoxville 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 increased by 38.1%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
Knoxville | $352.5K | $385K | +9.2% |
Harpers Ferry | $377.5K | $369.4K | -2.1% |
Brunswick | $399.9K | $375K | -6.2% |
Housing Supply in Knoxville, MD
How many homes are available in Knoxville, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Summary: The Knoxville real estate market had 15 homes for sale in May 2024, a 36.4% 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 | 0 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Knoxville 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Knoxville in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Knoxville, MD
How long does it take to sell a home in Knoxville, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 7 Days | -74.0% |
Summary: Homes in Knoxville had an average of 7 days on market in May 2024, down by 74% 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
Summary: During May 2024, 3 homes were sold in Knoxville; 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.