$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 Neck, 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 Neck has remained a Seller's Market.
Key Takeaway
Annapolis Neck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Annapolis Neck, MD
How much do homes in Annapolis Neck, MD cost?
Median Sold Price
$660,375
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$28,625(-4.2%)
Key Takeaway
Homes in Annapolis Neck have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Annapolis Neck was $660,375 in October 2024, down 4.2% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | - | N/A |
| 2 Bedrooms | $525K | $497.9K | -5.1% |
| 3 Bedrooms | $641K | $615K | -4.1% |
| 4 Bedrooms | $725K | $755K | +4.1% |
| 5+ Bedrooms | $1.3M | $1.3M | +1.8% |
Summary: Annapolis Neck housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in Annapolis Neck, MD
How many homes are available in Annapolis Neck, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 74 | +13.8% |
Summary: The Annapolis Neck real estate market had 74 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Annapolis Neck housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Annapolis Neck, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Annapolis Neck in October 2024, up by 60.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Annapolis Neck, MD
How long does it take to sell a home in Annapolis Neck, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 48 Days | +69.8% |
Summary: Homes in Annapolis Neck had an average of 48 days on market in Oct 2024, up by 69.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Annapolis Neck are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Annapolis Neck; 69% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
