$2,136 Closing Credit*
$179,900
1,628 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kathleen A Miller, Listing Office: Carter & Roque Real Estate
Is Allegany County, 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, Allegany County has remained a Seller's Market.
Key Takeaway
Allegany County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allegany County, MD
How much do homes in Allegany County, MD cost?
Median Sold Price
$148,357
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,855(+13.7%)
Key Takeaway
Homes in Allegany County have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Allegany County was $148,357 in October 2024, up 13.7% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44.2K | $75K | +69.6% |
| 2 Bedrooms | $100K | $109K | +9.0% |
| 3 Bedrooms | $139.4K | $146.6K | +5.2% |
| 4 Bedrooms | $188K | $200K | +6.4% |
| 5+ Bedrooms | $172.5K | $305K | +76.8% |
Summary: Allegany County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.6%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 76.8%.
Median Sold Price Compared To Nearby Counties
| Allegany County | $130.5K | $148.3K | +13.7% |
| Hampshire County | $223.2K | $253.5K | +13.6% |
| Mineral County | $179.5K | $187K | +4.2% |
| Morgan County | $290K | $285K | -1.7% |
Housing Supply in Allegany County, MD
How many homes are available in Allegany County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 301 | 289 | -4.0% |
Summary: The Allegany County real estate market had 289 homes for sale in October 2024, a 4.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 43 | 37 | -14.0% |
| 3 Bedrooms | 156 | 150 | -3.8% |
| 4 Bedrooms | 69 | 67 | -2.9% |
| 5+ Bedrooms | 32 | 35 | +9.4% |
Summary: The Allegany County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 59 | -28.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegany County, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in Allegany County in October 2024, down by 28.0% month-over-month. Of the 59 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% were sold over asking.
Days on Market for Allegany County, MD
How long does it take to sell a home in Allegany County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 58 Days | +41.7% |
Summary: Homes in Allegany County had an average of 58 days on market in Oct 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allegany County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 59 homes were sold in Allegany County; 49% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
