$8,549 Closing Credit*
$719,900
2,200 SqFt
3 Beds
•2 Full Baths, 1 Partial
Igor Maltsev, Listing Office: Keller Williams Legacy
Is Annapolis, 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, Annapolis has remained a Seller's Market.
Key Takeaway
Annapolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Annapolis, MD
How much do homes in Annapolis, MD cost?
Median Sold Price
$600,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,775(+0.5%)
Key Takeaway
The sold price of homes in Annapolis has remained the same since last year.
Summary: The median home sold price in Annapolis was $600,000 in October 2024, up 0.5% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $342.9K | +22.5% |
| 2 Bedrooms | $406.3K | $423K | +4.1% |
| 3 Bedrooms | $538.8K | $550K | +2.1% |
| 4 Bedrooms | $755K | $756.2K | 0.2% |
| 5+ Bedrooms | $1.1M | $1.1M | +1.2% |
Summary: Annapolis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in Annapolis, MD
How many homes are available in Annapolis, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 358 | 383 | +7.0% |
Summary: The Annapolis real estate market had 383 homes for sale in October 2024, a 7.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 10 | +150.0% |
| 2 Bedrooms | 80 | 97 | +21.3% |
| 3 Bedrooms | 117 | 117 | 0.0% |
| 4 Bedrooms | 106 | 106 | 0.0% |
| 5+ Bedrooms | 51 | 53 | +3.9% |
Summary: The Annapolis housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 21.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 3.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 98 | +2.1% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Annapolis, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.
Summary: A total of 98 homes were sold or pending in Annapolis in October 2024, up by 2.1% month-over-month. Of the 98 sold homes, 42% were sold under asking, 20% were sold at asking, and 38% were sold over asking.
Days on Market for Annapolis, MD
How long does it take to sell a home in Annapolis, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +70.1% |
Summary: Homes in Annapolis had an average of 32 days on market in Oct 2024, up by 70.1% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Annapolis are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 98 homes were sold in Annapolis; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
