$5,344 Closing Credit*
$450,000
2,232 SqFt
3 Beds
•2 Full Baths, 1 Partial
shelley a kerby, Listing Office: Real Estate Professionals, Inc.
Is Abingdon, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$338,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,500(+1.0%)
Key Takeaway
Homes in Abingdon have sold for 1% more than they did a year ago.
Summary: The median home sold price in Abingdon was $338,500 in November 2024, up 1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | - | N/A |
| 2 Bedrooms | $250K | $263.6K | +5.4% |
| 3 Bedrooms | $322.5K | $329.9K | +2.3% |
| 4 Bedrooms | $457.9K | $450K | -1.7% |
| 5+ Bedrooms | $610K | $535K | -12.3% |
Summary: Abingdon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in Abingdon, MD
How many homes are available in Abingdon, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 101 | -2.9% |
Summary: The Abingdon real estate market had 101 homes for sale in November 2024, a 2.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 54 | 53 | -1.9% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Abingdon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 31 | -20.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abingdon, you may be able to get a good deal. 35.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Abingdon in November 2024, down by 20.5% month-over-month. Of the 31 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +44.8% |
Summary: Homes in Abingdon had an average of 16 days on market in Nov 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 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 November 2024, 31 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.
