$6,519 Closing Credit*
$549,000
1,400 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jennifer M Utz, Listing Office: EXP Realty, LLC
Is Finksburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$556,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,500(+6.0%)
Key Takeaway
Homes in Finksburg have sold for 6% more than they did a year ago.
Summary: The median home sold price in Finksburg was $556,500 in October 2024, up 6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274.9K | - | N/A |
| 3 Bedrooms | $431K | $455K | +5.6% |
| 4 Bedrooms | $580K | $600K | +3.4% |
| 5+ Bedrooms | $831.4K | $882.2K | +6.1% |
Summary: Finksburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Upperco | $410K | $571.8K | +39.5% |
| Owings Mills | $348K | $375K | +7.8% |
| Reisterstown | $375K | $403K | +7.5% |
| Finksburg | $525K | $556.5K | +6.0% |
Housing Supply in Finksburg, MD
How many homes are available in Finksburg, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Finksburg real estate market had 27 homes for sale in October 2024, a 17.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Finksburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Finksburg, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Finksburg in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 21 Days | +126.3% |
Summary: Homes in Finksburg had an average of 21 days on market in Oct 2024, up by 126.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Finksburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Finksburg; 75% 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.
