$3,859 Closing Credit*
$325,000
1,280 SqFt
3 Beds
•1 Full Bath, 1 Partial
Destinee Blackstone, Listing Office: Coldwell Banker Realty
Is Farmbrook, 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, Farmbrook has remained a Seller's Market.
Key Takeaway
Farmbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Farmbrook, MD
How much do homes in Farmbrook, MD cost?
Median Sold Price
$345,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+10.4%)
Key Takeaway
Homes in Farmbrook have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Farmbrook was $345,000 in November 2024, up 10.4% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $282K | $290K | +2.8% |
| 3 Bedrooms | $310K | $331K | +6.8% |
| 4 Bedrooms | $433K | $450K | +3.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Farmbrook 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 2.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.
Housing Supply in Farmbrook, MD
How many homes are available in Farmbrook, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Summary: The Farmbrook real estate market had 6 homes for sale in November 2024, a 40.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Farmbrook 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 remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Farmbrook, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Farmbrook in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Farmbrook, MD
How long does it take to sell a home in Farmbrook, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 12 Days | +58.3% |
Summary: Homes in Farmbrook had an average of 12 days on market in Nov 2024, up by 58.3% compared to last year.
Breakdown of Home Sale Times
3 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 Farmbrook are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Farmbrook; 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.
