$4,986 Closing Credit*
$419,900
1,470 SqFt
4 Beds
•2 Full Baths
Danh C Nguyen, Listing Office: ExecuHome Realty
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 November 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
$488,694
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,938(+2.5%)
Key Takeaway
Homes in Anne Arundel County have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Anne Arundel County was $488,694 in November 2024, up 2.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $289.5K | +9.2% |
| 2 Bedrooms | $340K | $345.5K | +1.6% |
| 3 Bedrooms | $430K | $449.9K | +4.6% |
| 4 Bedrooms | $584.4K | $592.5K | +1.4% |
| 5+ Bedrooms | $778.9K | $820.3K | +5.3% |
Summary: Anne Arundel County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Counties
| Calvert County | $422.5K | $454.7K | +7.6% |
| Baltimore County | $328.8K | $350K | +6.4% |
| Howard County | $544.1K | $572.5K | +5.2% |
| Prince George's County | $418.3K | $429.9K | +2.8% |
| Anne Arundel County | $476.7K | $488.6K | +2.5% |
Housing Supply in Anne Arundel County, MD
How many homes are available in Anne Arundel County, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,750 | 1,719 | -1.8% |
Summary: The Anne Arundel County real estate market had 1,719 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 251 | 252 | 0.4% |
| 3 Bedrooms | 659 | 688 | +4.4% |
| 4 Bedrooms | 556 | 524 | -5.8% |
| 5+ Bedrooms | 270 | 239 | -11.5% |
Summary: The Anne Arundel County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 522 | 457 | -12.5% |
Asking Price vs. Sold Price
138 Homes Were Sold
Under Asking
129 Homes Were Sold
At Asking
190 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. 41.6% of homes here sold above asking price last month.
Summary: A total of 457 homes were sold or pending in Anne Arundel County in November 2024, down by 12.5% month-over-month. Of the 457 sold homes, 30% were sold under asking, 28% were sold at asking, and 42% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 23 Days | +15.9% |
Summary: Homes in Anne Arundel County had an average of 23 days on market in Nov 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
341 Homes Were Sold
Under 30 Days
95 Homes Were Sold
In 30 - 90 Days
21 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 November 2024, 457 homes were sold in Anne Arundel County; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
