$3,859 Closing Credit*
$325,000
1,392 SqFt
2 Beds
•2 Full Baths
Mike Mravca, Listing Office: Blue Hour Realty
Is Crofton, 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, Crofton has remained a Seller's Market.
Key Takeaway
Crofton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crofton, MD
How much do homes in Crofton, MD cost?
Median Sold Price
$460,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,666(+6.9%)
Key Takeaway
Homes in Crofton have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Crofton was $460,000 in October 2024, up 6.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307.9K | $337K | +9.4% |
| 3 Bedrooms | $385K | $415K | +7.8% |
| 4 Bedrooms | $640.5K | $645K | +0.7% |
| 5+ Bedrooms | $780K | $775K | -0.6% |
Summary: Crofton 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 9.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in Crofton, MD
How many homes are available in Crofton, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 77 | -8.3% |
Summary: The Crofton real estate market had 77 homes for sale in October 2024, a 8.3% 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 | 12 | 18 | +50.0% |
| 3 Bedrooms | 41 | 39 | -4.9% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 11 | 5 | -54.5% |
Summary: The Crofton 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 increased by 50%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 54.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 28 | -28.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crofton, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Crofton in October 2024, down by 28.2% month-over-month. Of the 28 sold homes, 21% were sold under asking, 32% were sold at asking, and 46% were sold over asking.
Days on Market for Crofton, MD
How long does it take to sell a home in Crofton, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 16 Days | +62.9% |
Summary: Homes in Crofton had an average of 16 days on market in Oct 2024, up by 62.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Crofton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Crofton; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
