$2,789 Closing Credit*
$234,900
1,280 SqFt
3 Beds
•1 Full Bath, 1 Partial
Justin W Guest, Listing Office: ExecuHome Realty
Is Frankford, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Frankford was a Seller's Market.
Key Takeaway
Frankford is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Frankford, MD
How much do homes in Frankford, MD cost?
Median Sold Price
$238,750
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,750(+9.0%)
Key Takeaway
Homes in Frankford have sold for 9% more than they did a year ago.
Summary: The median home sold price in Frankford was $238,750 in October 2024, up 9% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $142.4K | -11.0% |
| 3 Bedrooms | $201K | $204K | +1.5% |
| 4 Bedrooms | $275K | $270K | -1.8% |
| 5+ Bedrooms | $330K | $339.5K | +2.9% |
Summary: Frankford 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 decreased by 11%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Frankford, MD
How many homes are available in Frankford, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Summary: The Frankford real estate market had 49 homes for sale in October 2024, a 11.4% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 31 | +40.9% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Frankford 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 remained the same, 3 bedroom homes increased by 40.9%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Frankford in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | -0.8% |
Summary: Homes in Frankford had an average of 18 days on market in Oct 2024, down by 0.8% 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 Frankford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Frankford; 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.
