$9,797 Closing Credit*
$825,000
2,581 SqFt
3 Beds
•2 Full Baths, 1 Partial
Rachel Gontkovic, Listing Office: Long & Foster Real Estate, Inc.
Is Annapolis Neck, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$660,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$30,000(-4.3%)
Key Takeaway
Homes in Annapolis Neck have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Annapolis Neck was $660,000 in November 2024, down 4.3% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | - | N/A |
| 2 Bedrooms | $525K | $477.5K | -9.0% |
| 3 Bedrooms | $635K | $615K | -3.1% |
| 4 Bedrooms | $725K | $760K | +4.8% |
| 5+ Bedrooms | $1.7M | $1.3M | -24.0% |
Summary: Annapolis Neck 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 decreased by 9%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 24%.
Median Sold Price Compared To Nearby Neighborhoods
| Hillsmere Estates | $630K | $615K | -2.4% |
| Annapolis Neck | $690K | $660K | -4.3% |
Housing Supply in Annapolis Neck, MD
How many homes are available in Annapolis Neck, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 68 | +3.0% |
Summary: The Annapolis Neck real estate market had 68 homes for sale in November 2024, a 3.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 19 | 13 | -31.6% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Annapolis Neck 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 30%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 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. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Annapolis Neck in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 29 Days | +15.3% |
Summary: Homes in Annapolis Neck had an average of 29 days on market in Nov 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 12 homes were sold in Annapolis Neck; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
