$2,244 Closing Credit*
$189,000
1,566 SqFt
3 Beds
•1 Full Bath, 1 Partial
Troy Yates, Listing Office: LPT Realty, LLC
Is Frostburg, 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, 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
$170,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,400(+22.7%)
Key Takeaway
Homes in Frostburg have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in Frostburg was $170,000 in November 2024, up 22.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $95K | +58.4% |
| 2 Bedrooms | $138K | $130K | -5.8% |
| 3 Bedrooms | $140K | $180K | +28.6% |
| 4 Bedrooms | $127.4K | $164K | +28.7% |
| 5+ Bedrooms | $159.6K | $405K | +153.8% |
Summary: Frostburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.4%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 28.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Summary: The Frostburg real estate market had 22 homes for sale in November 2024, a 21.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Frostburg 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frostburg, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Frostburg in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +4.9% |
Summary: Homes in Frostburg had an average of 33 days on market in Nov 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frostburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Frostburg; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
