$5,105 Closing Credit*
$429,900
2,062 SqFt
3 Beds
•3 Full Baths, 1 Partial
Melanie B. Gamble, Listing Office: 212 Degrees Realty, LLC
Is Anne Arundel County, 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, Anne Arundel County has remained a Seller's Market.
Key Takeaway
Anne Arundel County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Anne Arundel County, MD
How much do homes in Anne Arundel County, MD cost?
Median Sold Price
$488,844
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,048(+3.0%)
Key Takeaway
Homes in Anne Arundel County have sold for 3% more than they did a year ago.
Summary: The median home sold price in Anne Arundel County was $488,844 in October 2024, up 3% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $294K | +10.9% |
| 2 Bedrooms | $335.6K | $344.3K | +2.6% |
| 3 Bedrooms | $425.2K | $449.9K | +5.8% |
| 4 Bedrooms | $584.5K | $592.1K | +1.3% |
| 5+ Bedrooms | $778.5K | $823.5K | +5.8% |
Summary: Anne Arundel County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Counties
| Baltimore County | $326.1K | $349.9K | +7.3% |
| Calvert County | $425K | $449.9K | +5.9% |
| Howard County | $541.8K | $570.4K | +5.3% |
| Prince George's County | $415.1K | $429.5K | +3.5% |
| Anne Arundel County | $474.7K | $488.8K | +3.0% |
Housing Supply in Anne Arundel County, MD
How many homes are available in Anne Arundel County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,743 | 1,858 | +6.6% |
Summary: The Anne Arundel County real estate market had 1,858 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 16 | +77.8% |
| 2 Bedrooms | 249 | 269 | +8.0% |
| 3 Bedrooms | 657 | 696 | +5.9% |
| 4 Bedrooms | 557 | 598 | +7.4% |
| 5+ Bedrooms | 271 | 279 | +3.0% |
Summary: The Anne Arundel County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 77.8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 556 | 494 | -11.2% |
Asking Price vs. Sold Price
172 Homes Were Sold
Under Asking
117 Homes Were Sold
At Asking
205 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Anne Arundel County, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 494 homes were sold or pending in Anne Arundel County in October 2024, down by 11.2% month-over-month. Of the 494 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for Anne Arundel County, MD
How long does it take to sell a home in Anne Arundel County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +30.4% |
Summary: Homes in Anne Arundel County had an average of 25 days on market in Oct 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
359 Homes Were Sold
Under 30 Days
115 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Anne Arundel County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 494 homes were sold in Anne Arundel County; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
