$2,850 Closing Credit*
$240,000
1,440 SqFt
3 Beds
•2 Full Baths
Thomas Nwachukwu, Listing Office: Century 21 Downtown
Is Frankford, 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, Frankford has remained a Seller's Market.
Key Takeaway
Frankford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frankford, MD
How much do homes in Frankford, MD cost?
Median Sold Price
$244,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,500(+13.7%)
Key Takeaway
Homes in Frankford have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Frankford was $244,500 in November 2024, up 13.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173K | $142.4K | -17.7% |
| 3 Bedrooms | $202.5K | $200K | -1.2% |
| 4 Bedrooms | $282.4K | $275K | -2.6% |
| 5+ Bedrooms | $329K | $345K | +4.9% |
Summary: Frankford 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 decreased by 17.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in Frankford, MD
How many homes are available in Frankford, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 60 | +13.2% |
Summary: The Frankford real estate market had 60 homes for sale in November 2024, a 13.2% increase 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Frankford 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 increased by 150%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 23 | +187.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankford, expect to pay close to the asking price. 47.8% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Frankford in November 2024, up by 187.5% month-over-month. Of the 23 sold homes, 22% were sold under asking, 48% were sold at asking, and 30% were sold over asking.
Days on Market for Frankford, MD
How long does it take to sell a home in Frankford, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 31 Days | +253.4% |
Summary: Homes in Frankford had an average of 31 days on market in Nov 2024, up by 253.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frankford are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Frankford; 57% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
