$5,343 Closing Credit*
$449,900
2,032 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lyndsay J Nave, Listing Office: Sullivan Select, LLC.
Is Boonsboro, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Boonsboro was a Seller's Market.
Key Takeaway
Boonsboro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Boonsboro, MD
How much do homes in Boonsboro, MD cost?
Median Sold Price
$400,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+7.4%)
Key Takeaway
Homes in Boonsboro have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Boonsboro was $400,000 in November 2024, up 7.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $315K | +28.6% |
| 3 Bedrooms | $320K | $352.5K | +10.2% |
| 4 Bedrooms | $457.5K | $485K | +6.0% |
| 5+ Bedrooms | $515K | $425K | -17.5% |
Summary: Boonsboro housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in Boonsboro, MD
How many homes are available in Boonsboro, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 21 | -38.2% |
Summary: The Boonsboro real estate market had 21 homes for sale in November 2024, a 38.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 7 | -56.3% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Boonsboro housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 56.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 3 | -80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Boonsboro, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Boonsboro in November 2024, down by 80.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Boonsboro, MD
How long does it take to sell a home in Boonsboro, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 11 Days | -54.2% |
Summary: Homes in Boonsboro had an average of 11 days on market in Nov 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boonsboro are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Boonsboro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
