$5,522 Closing Credit*
$465,000
2,353 SqFt
4 Beds
•2 Full Baths, 1 Partial
Denise M Diana, Listing Office: Weichert, Realtors - Diana Realty
Is Abingdon, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Abingdon has remained a Seller's Market.
Key Takeaway
Abingdon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Abingdon, MD
How much do homes in Abingdon, MD cost?
Median Sold Price
$345,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,166(+4.6%)
Key Takeaway
Homes in Abingdon have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Abingdon was $345,000 in October 2024, up 4.6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | - | N/A |
| 2 Bedrooms | $253.7K | $258.2K | +1.8% |
| 3 Bedrooms | $316.5K | $330.5K | +4.4% |
| 4 Bedrooms | $440.5K | $454K | +3.1% |
| 5+ Bedrooms | $592.5K | $530K | -10.5% |
Summary: Abingdon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in Abingdon, MD
How many homes are available in Abingdon, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 108 | +6.9% |
Summary: The Abingdon real estate market had 108 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 49 | 57 | +16.3% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Abingdon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 36 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abingdon, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Abingdon in October 2024, up by 20.0% month-over-month. Of the 36 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% were sold over asking.
Days on Market for Abingdon, MD
How long does it take to sell a home in Abingdon, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 20 Days | +120.0% |
Summary: Homes in Abingdon had an average of 20 days on market in Oct 2024, up by 120% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Abingdon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Abingdon; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
