$8,776 Closing Credit*
$739,000
2,958 SqFt
5 Beds
•3 Full Baths, 1 Partial
Irina Mironova, Listing Office: Douglas Realty LLC
Is Arnold, 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, Arnold has remained a Seller's Market.
Key Takeaway
Arnold is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arnold, MD
How much do homes in Arnold, MD cost?
Median Sold Price
$560,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+3.5%)
Key Takeaway
Homes in Arnold have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Arnold was $560,000 in October 2024, up 3.5% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $285K | -8.1% |
| 3 Bedrooms | $400K | $477.5K | +19.4% |
| 4 Bedrooms | $624K | $665K | +6.6% |
| 5+ Bedrooms | $1.0M | $940.7K | -10.8% |
Summary: Arnold 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 8.1%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in Arnold, MD
How many homes are available in Arnold, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 73 | +1.4% |
Summary: The Arnold real estate market had 73 homes for sale in October 2024, a 1.4% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Arnold 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 decreased by 16.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arnold, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Arnold in October 2024, down by 23.1% month-over-month. Of the 20 sold homes, 20% were sold under asking, 25% were sold at asking, and 55% were sold over asking.
Days on Market for Arnold, MD
How long does it take to sell a home in Arnold, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 11 Days | -20.0% |
Summary: Homes in Arnold had an average of 11 days on market in Oct 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arnold are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Arnold; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
