Is Fruitland, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fruitland has remained a Seller's Market.
Key Takeaway
Fruitland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fruitland, MD
How much do homes in Fruitland, MD cost?
Median Sold Price
$269,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fruitland have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Fruitland was $269,000 in May 2024, up 7.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215.9K | $175K | -19.0% |
| 3 Bedrooms | $218K | $250.5K | +14.9% |
| 4 Bedrooms | $344.4K | $347.9K | +1.0% |
| 5+ Bedrooms | $371K | $335K | -9.7% |
Summary: Fruitland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in Fruitland, MD
How many homes are available in Fruitland, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The Fruitland real estate market had 32 homes for sale in May 2024, a 3.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fruitland housing inventory by bedroom type for May 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 10.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fruitland, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Fruitland in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 83% were sold at asking, and 17% were sold over asking.
Days on Market for Fruitland, MD
How long does it take to sell a home in Fruitland, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 45 Days | +83.7% |
Summary: Homes in Fruitland had an average of 45 days on market in May 2024, up by 83.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fruitland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Fruitland; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
