$5,569 Closing Credit*
$469,000
3,737 SqFt
4 Beds
•3 Full Baths, 1 Partial
Sasha Marie Leasure, Listing Office: Coldwell Banker Premier
Is Frostburg, 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, Frostburg has remained a Seller's Market.
Key Takeaway
Frostburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frostburg, MD
How much do homes in Frostburg, MD cost?
Median Sold Price
$169,950
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,650(+22.9%)
Key Takeaway
Homes in Frostburg have sold for 22.9% more than they did a year ago.
Summary: The median home sold price in Frostburg was $169,950 in October 2024, up 22.9% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $95K | +58.4% |
| 2 Bedrooms | $139.2K | $121K | -13.1% |
| 3 Bedrooms | $141.5K | $174.9K | +23.6% |
| 4 Bedrooms | $123K | $167K | +35.8% |
| 5+ Bedrooms | $159.6K | $405K | +153.8% |
Summary: Frostburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.4%, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 35.8%, and 5+ bedroom homes increased by 153.8%.
Housing Supply in Frostburg, MD
How many homes are available in Frostburg, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The Frostburg real estate market had 30 homes for sale in October 2024, a 11.1% 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 | 2 | -33.3% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Frostburg 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 decreased by 33.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Frostburg, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Frostburg in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Frostburg, MD
How long does it take to sell a home in Frostburg, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 37 Days | +78.3% |
Summary: Homes in Frostburg had an average of 37 days on market in Oct 2024, up by 78.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frostburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Frostburg; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
