$5,938 Closing Credit*
$500,000
2,237 SqFt
4 Beds
•3 Full Baths
David Marc Niedzialkowski, Listing Office: Redfin Corp
Is Elkton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Elkton has remained a Seller's Market.
Key Takeaway
Elkton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkton, MD
How much do homes in Elkton, MD cost?
Median Sold Price
$350,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$22,312(+6.8%)
Key Takeaway
Homes in Elkton have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Elkton was $350,000 in December 2024, up 6.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $215K | $255K | +18.6% |
| 3 Bedrooms | $298K | $305K | +2.3% |
| 4 Bedrooms | $380K | $409.9K | +7.9% |
| 5+ Bedrooms | $561K | $480K | -14.4% |
Summary: Elkton housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Glasgow | $383.6K | $420K | +9.5% |
| Elkton | $327.6K | $350K | +6.8% |
Housing Supply in Elkton, MD
How many homes are available in Elkton, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 103 | 89 | -13.6% |
Summary: The Elkton real estate market had 89 homes for sale in December 2024, a 13.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 50 | 42 | -16.0% |
| 4 Bedrooms | 33 | 29 | -12.1% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Elkton housing inventory by bedroom type for December 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 16%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkton, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Elkton in December 2024, up by 6.7% month-over-month. Of the 32 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Elkton, MD
How long does it take to sell a home in Elkton, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 17 Days | 28 Days | +63.5% |
Summary: Homes in Elkton had an average of 28 days on market in Dec 2024, up by 63.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elkton are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 32 homes were sold in Elkton; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
