$9,441 Closing Credit*
$795,000
3,600 SqFt
1 Bath
Stacey R Nikirk, Listing Office: Roberts Realty Group, LLC
Is Boonsboro, 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, Boonsboro has remained a Seller's Market.
Key Takeaway
Boonsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boonsboro, MD
How much do homes in Boonsboro, MD cost?
Median Sold Price
$400,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+11.1%)
Key Takeaway
Homes in Boonsboro have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Boonsboro was $400,000 in October 2024, up 11.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $315K | +28.6% |
| 3 Bedrooms | $315K | $355K | +12.7% |
| 4 Bedrooms | $457.5K | $485K | +6.0% |
| 5+ Bedrooms | $515K | $442.5K | -14.1% |
Summary: Boonsboro 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 increased by 28.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 14.1%.
Housing Supply in Boonsboro, MD
How many homes are available in Boonsboro, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 37 | -9.8% |
Summary: The Boonsboro real estate market had 37 homes for sale in October 2024, a 9.8% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Boonsboro 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 remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boonsboro, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Boonsboro in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 33% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 22 Days | -23.8% |
Summary: Homes in Boonsboro had an average of 22 days on market in Oct 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 15 homes were sold in Boonsboro; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
