$5,641 Closing Credit*
$475,000
1,216 SqFt
2 Beds
•1 Full Bath
Lynn R Gardner, Listing Office: Coldwell Banker Realty
Is Annapolis, 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 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
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$357(-0.1%)
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 November 2024, down 0.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $328.4K | +17.3% |
| 2 Bedrooms | $415K | $425K | +2.4% |
| 3 Bedrooms | $539.6K | $553.5K | +2.6% |
| 4 Bedrooms | $761K | $750K | -1.4% |
| 5+ Bedrooms | $1.1M | $1.0M | -9.7% |
Summary: Annapolis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in Annapolis, MD
How many homes are available in Annapolis, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 352 | 346 | -1.7% |
Summary: The Annapolis real estate market had 346 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 86 | 90 | +4.7% |
| 3 Bedrooms | 110 | 111 | +0.9% |
| 4 Bedrooms | 97 | 83 | -14.4% |
| 5+ Bedrooms | 50 | 50 | 0.0% |
Summary: The Annapolis housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 87 | -17.1% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Annapolis, you may be able to get a good deal. 40.2% of homes here sold below asking price last month.
Summary: A total of 87 homes were sold or pending in Annapolis in November 2024, down by 17.1% month-over-month. Of the 87 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 23 Days | +15.9% |
Summary: Homes in Annapolis had an average of 23 days on market in Nov 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 87 homes were sold in Annapolis; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
