$4,156 Closing Credit*
$350,000
1,296 SqFt
2 Beds
•1 Full Bath
Katie Nicholson, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Downtown Frederick, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Downtown Frederick has remained a Seller's Market.
Key Takeaway
Downtown Frederick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Downtown Frederick, MD
How much do homes in Downtown Frederick, MD cost?
Median Sold Price
$450,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+11.8%)
Key Takeaway
Homes in Downtown Frederick have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Downtown Frederick was $450,000 in November 2024, up 11.8% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $242.4K | +15.5% |
| 2 Bedrooms | $370K | $415K | +12.2% |
| 3 Bedrooms | $447.5K | $515K | +15.1% |
| 4 Bedrooms | $460K | $525K | +14.1% |
| 5+ Bedrooms | $802.5K | $618K | -23.0% |
Summary: Downtown Frederick housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 23%.
Housing Supply in Downtown Frederick, MD
How many homes are available in Downtown Frederick, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Downtown Frederick real estate market had 18 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown Frederick 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 increased by 14.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Frederick, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Downtown Frederick in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Downtown Frederick, MD
How long does it take to sell a home in Downtown Frederick, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 13 Days | -63.8% |
Summary: Homes in Downtown Frederick had an average of 13 days on market in Nov 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
4 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 Downtown Frederick are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Downtown Frederick; 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.
