$6,056 Closing Credit*
$510,000
1,793 SqFt
4 Beds
•4 Full Baths
Kate K Smith, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Frederick, 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, 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
$448,167
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,167(+4.2%)
Key Takeaway
Homes in Frederick have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Frederick was $448,167 in October 2024, up 4.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $230K | +12.2% |
| 2 Bedrooms | $296K | $300K | +1.4% |
| 3 Bedrooms | $412.3K | $424.3K | +2.9% |
| 4 Bedrooms | $521.6K | $561.5K | +7.6% |
| 5+ Bedrooms | $692.4K | $748K | +8.0% |
Summary: Frederick housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 8%.
Housing Supply in Frederick, MD
How many homes are available in Frederick, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 483 | 544 | +12.6% |
Summary: The Frederick real estate market had 544 homes for sale in October 2024, a 12.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 74 | 89 | +20.3% |
| 3 Bedrooms | 223 | 260 | +16.6% |
| 4 Bedrooms | 140 | 146 | +4.3% |
| 5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The Frederick 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 20.3%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 148 | 137 | -7.4% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederick, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.
Summary: A total of 137 homes were sold or pending in Frederick in October 2024, down by 7.4% month-over-month. Of the 137 sold homes, 27% were sold under asking, 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 22 Days | +44.9% |
Summary: Homes in Frederick had an average of 22 days on market in Oct 2024, up by 44.9% compared to last year.
Breakdown of Home Sale Times
111 Homes Were Sold
Under 30 Days
23 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 October 2024, 137 homes were sold in Frederick; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
