$3,919 Closing Credit*
$330,000
1,460 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kristin N Lewis, Listing Office: Integrity Real Estate
Is Elkton, 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, 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
$344,333
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,333(+4.3%)
Key Takeaway
Homes in Elkton have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Elkton was $344,333 in November 2024, up 4.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $200K | $250K | +25.0% |
| 3 Bedrooms | $300K | $305K | +1.7% |
| 4 Bedrooms | $384K | $410K | +6.8% |
| 5+ Bedrooms | $555.5K | $497.5K | -10.4% |
Summary: Elkton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Glasgow | $385K | $414.8K | +7.8% |
| Elkton | $330K | $344.3K | +4.3% |
Housing Supply in Elkton, MD
How many homes are available in Elkton, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 112 | 99 | -11.6% |
Summary: The Elkton real estate market had 99 homes for sale in November 2024, a 11.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 53 | 49 | -7.5% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The Elkton 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 decreased by 20%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 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. 46.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Elkton in November 2024, down by 16.7% month-over-month. Of the 30 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +42.5% |
Summary: Homes in Elkton had an average of 30 days on market in Nov 2024, up by 42.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 30 homes were sold in Elkton; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
