$5,569 Closing Credit*
$469,000
1,645 SqFt
3 Beds
•3 Full Baths
James F Erb Jr., Listing Office: J F Erb, Inc.
Is Finksburg, 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, Finksburg has remained a Seller's Market.
Key Takeaway
Finksburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Finksburg, MD
How much do homes in Finksburg, MD cost?
Median Sold Price
$530,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,450(-2.8%)
Key Takeaway
Homes in Finksburg have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Finksburg was $530,000 in November 2024, down 2.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274.9K | $350K | +27.3% |
| 3 Bedrooms | $433.5K | $450K | +3.8% |
| 4 Bedrooms | $600K | $569K | -5.2% |
| 5+ Bedrooms | $831.4K | $904.5K | +8.8% |
Summary: Finksburg 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 27.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Upperco | $427K | $571.8K | +33.9% |
| Reisterstown | $374.1K | $410K | +9.6% |
| Owings Mills | $350K | $375K | +7.1% |
| Finksburg | $545.4K | $530K | -2.8% |
Housing Supply in Finksburg, MD
How many homes are available in Finksburg, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Finksburg real estate market had 27 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Finksburg 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 increased by 20%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Finksburg, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Finksburg in November 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Finksburg, MD
How long does it take to sell a home in Finksburg, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 25 Days | -33.6% |
Summary: Homes in Finksburg had an average of 25 days on market in Nov 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Finksburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Finksburg; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
