$3,551 Closing Credit*
$299,000
1,664 SqFt
3 Beds
•1 Full Bath, 1 Partial
Taryn Walterhoefer, Listing Office: Berkshire Hathaway HomeServices PenFed Realty - OP
Is Frederick County, 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 County has remained a Seller's Market.
Key Takeaway
Frederick County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederick County, MD
How much do homes in Frederick County, MD cost?
Median Sold Price
$483,432
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,640(+6.8%)
Key Takeaway
Homes in Frederick County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Frederick County was $483,432 in October 2024, up 6.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $225K | +12.5% |
| 2 Bedrooms | $295K | $300K | +1.7% |
| 3 Bedrooms | $414.9K | $427.2K | +3.0% |
| 4 Bedrooms | $550.8K | $597.5K | +8.5% |
| 5+ Bedrooms | $725.6K | $750.7K | +3.5% |
Summary: Frederick County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Counties
| Adams County | $284.3K | $309.9K | +9.0% |
| Frederick County | $452.7K | $483.4K | +6.8% |
| Howard County | $541.8K | $570.4K | +5.3% |
| Carroll County | $429.8K | $450.1K | +4.7% |
| Montgomery County | $580.6K | $606K | +4.4% |
Housing Supply in Frederick County, MD
How many homes are available in Frederick County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 880 | 979 | +11.3% |
Summary: The Frederick County real estate market had 979 homes for sale in October 2024, a 11.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 99 | 111 | +12.1% |
| 3 Bedrooms | 356 | 412 | +15.7% |
| 4 Bedrooms | 304 | 323 | +6.3% |
| 5+ Bedrooms | 119 | 129 | +8.4% |
Summary: The Frederick County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 8.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 278 | 236 | -15.1% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
72 Homes Were Sold
At Asking
94 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederick County, you could pay more than the asking price. 39.8% of homes here sold above asking price last month.
Summary: A total of 236 homes were sold or pending in Frederick County in October 2024, down by 15.1% month-over-month. Of the 236 sold homes, 30% were sold under asking, 31% were sold at asking, and 40% were sold over asking.
Days on Market for Frederick County, MD
How long does it take to sell a home in Frederick County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 23 Days | +26.8% |
Summary: Homes in Frederick County had an average of 23 days on market in Oct 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
185 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederick County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 236 homes were sold in Frederick County; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
