$8,894 Closing Credit*
$749,000
3 Beds
•4 Full Baths, 1 Partial
Margaret G Patschak, Listing Office: Real Estate Innovations
Is Frederick, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Frederick has remained a Seller's Market.
Key Takeaway
Frederick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederick, MD
How much do homes in Frederick, MD cost?
Median Sold Price
$448,751
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$18,773(+4.4%)
Key Takeaway
Homes in Frederick have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Frederick was $448,751 in September 2024, up 4.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $257.5K | +25.6% |
| 2 Bedrooms | $295K | $300K | +1.7% |
| 3 Bedrooms | $411.8K | $422.3K | +2.5% |
| 4 Bedrooms | $520.3K | $553.6K | +6.4% |
| 5+ Bedrooms | $688.9K | $740K | +7.4% |
Summary: Frederick housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in Frederick, MD
How many homes are available in Frederick, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 536 | 557 | +3.9% |
Summary: The Frederick real estate market had 557 homes for sale in September 2024, a 3.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 96 | 91 | -5.2% |
| 3 Bedrooms | 230 | 262 | +13.9% |
| 4 Bedrooms | 155 | 153 | -1.3% |
| 5+ Bedrooms | 53 | 49 | -7.5% |
Summary: The Frederick housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 7.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 197 | 142 | -27.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederick, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 142 homes were sold or pending in Frederick in September 2024, down by 27.9% month-over-month. Of the 142 sold homes, 28% were sold under asking, 30% were sold at asking, and 42% were sold over asking.
Days on Market for Frederick, MD
How long does it take to sell a home in Frederick, MD?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 18 Days | +35.0% |
Summary: Homes in Frederick had an average of 18 days on market in Sep 2024, up by 35% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederick are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 142 homes were sold in Frederick; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
