$2,553 Closing Credit*
$214,999
1,482 SqFt
5 Beds
•2 Full Baths
L'Erin Epps, Listing Office: EXP Realty, LLC
Is Allendale, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Allendale was a Seller's Market.
Key Takeaway
Allendale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Allendale, MD
How much do homes in Allendale, MD cost?
Median Sold Price
$180,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+38.5%)
Key Takeaway
Homes in Allendale have sold for 38.5% more than they did a year ago.
Summary: The median home sold price in Allendale was $180,000 in November 2024, up 38.5% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $96K | $100K | +4.2% |
| 3 Bedrooms | $100K | $170K | +70.0% |
| 4 Bedrooms | $159K | $223.1K | +40.3% |
| 5+ Bedrooms | $234K | $206.4K | -11.8% |
Summary: Allendale 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 4.2%, 3 bedroom homes increased by 70%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Allendale | $130K | $180K | +38.5% |
| Southwest | $149.8K | $148.1K | -1.1% |
Housing Supply in Allendale, MD
How many homes are available in Allendale, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Allendale real estate market had 25 homes for sale in November 2024, a 3.8% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Allendale 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 increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allendale, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Allendale in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Allendale, MD
How long does it take to sell a home in Allendale, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 37 Days | -44.1% |
Summary: Homes in Allendale had an average of 37 days on market in Nov 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Allendale has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Allendale; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
