$8,905 Closing Credit*
$749,900
3,114 SqFt
3 Beds
•2 Full Baths
Linda E Wigfield, Listing Office: Real Estate Innovations
Is Clear Spring, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Clear Spring was a Seller's Market.
Key Takeaway
Clear Spring is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Clear Spring, MD
How much do homes in Clear Spring, MD cost?
Median Sold Price
$357,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,000(+17.0%)
Key Takeaway
Homes in Clear Spring have sold for 17% more than they did a year ago.
Summary: The median home sold price in Clear Spring was $357,000 in October 2024, up 17% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $92K | N/A |
| 2 Bedrooms | $129.7K | $219K | +68.8% |
| 3 Bedrooms | $300K | $362.5K | +20.8% |
| 4 Bedrooms | $440K | $370K | -15.9% |
| 5+ Bedrooms | $590K | $548.5K | -7.0% |
Summary: Clear Spring 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 68.8%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 7%.
Housing Supply in Clear Spring, MD
How many homes are available in Clear Spring, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Clear Spring real estate market had 10 homes for sale in October 2024, a 11.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Clear Spring 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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 Clear Spring, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Clear Spring in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Clear Spring, MD
How long does it take to sell a home in Clear Spring, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 123 Days | 5 Days | -95.9% |
Summary: Homes in Clear Spring had an average of 5 days on market in Oct 2024, down by 95.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clear Spring are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Clear Spring; 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.
