$5,938 Closing Credit*
$500,000
1,760 SqFt
3 Beds
•3 Full Baths, 1 Partial
Beverly M Muse, Listing Office: Samson Properties
Is Frederick, 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, 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
$449,997
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,997(+4.7%)
Key Takeaway
Homes in Frederick have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Frederick was $449,997 in November 2024, up 4.7% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $285K | +39.0% |
| 2 Bedrooms | $295.7K | $300K | +1.4% |
| 3 Bedrooms | $412.5K | $424.9K | +3.0% |
| 4 Bedrooms | $521K | $556.6K | +6.8% |
| 5+ Bedrooms | $692.9K | $744.9K | +7.5% |
Summary: Frederick housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in Frederick, MD
How many homes are available in Frederick, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 497 | 485 | -2.4% |
Summary: The Frederick real estate market had 485 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 82 | 84 | +2.4% |
| 3 Bedrooms | 233 | 208 | -10.7% |
| 4 Bedrooms | 132 | 139 | +5.3% |
| 5+ Bedrooms | 48 | 52 | +8.3% |
Summary: The Frederick 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 2.4%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 148 | 132 | -10.8% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederick, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 132 homes were sold or pending in Frederick in November 2024, down by 10.8% month-over-month. Of the 132 sold homes, 30% were sold under asking, 36% were sold at asking, and 34% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 24 Days | +14.9% |
Summary: Homes in Frederick had an average of 24 days on market in Nov 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 132 homes were sold in Frederick; 72% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
