Is Arnold, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arnold is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $310K$285K
-8.1%
3 $400K$477.5K
+19.4%
4 $624K$665K
+6.6%
5+ $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 2024Oct 2024CHANGE
7273+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1918
-5.3%
4 3134
+9.7%
5+ 1616
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 2024Oct 2024CHANGE
2620-23.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
14 Days11 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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