$4,750 Closing Credit*
$400,000
1,468 SqFt
3 Beds
•2 Full Baths
John Fink, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Abingdon, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$340,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$12,500(+3.8%)
Key Takeaway
Homes in Abingdon have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Abingdon was $340,000 in September 2024, up 3.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | - | N/A |
| 2 Bedrooms | $255.3K | $252.3K | -1.2% |
| 3 Bedrooms | $315K | $328.4K | +4.3% |
| 4 Bedrooms | $430K | $462.4K | +7.5% |
| 5+ Bedrooms | $600K | $530K | -11.7% |
Summary: Abingdon housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 11.7%.
Housing Supply in Abingdon, MD
How many homes are available in Abingdon, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 91 | 110 | +20.9% |
Summary: The Abingdon real estate market had 110 homes for sale in September 2024, a 20.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 49 | 55 | +12.2% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Abingdon housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abingdon, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Abingdon in September 2024, up by 11.5% month-over-month. Of the 29 sold homes, 28% were sold under asking, 31% were sold at asking, and 41% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 11 Days | -61.4% |
Summary: Homes in Abingdon had an average of 11 days on market in Sep 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 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 September 2024, 29 homes were sold in Abingdon; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
