$1,838 Closing Credit*
$154,800
1,280 SqFt
2 Beds
•1 Full Bath
Sherry M Price, Listing Office: RealHome Services and Solutions, Inc.
Is Knoxville, 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, Knoxville has remained a Seller's Market.
Key Takeaway
Knoxville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Knoxville, MD
How much do homes in Knoxville, MD cost?
Median Sold Price
$500,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$117,500(+30.7%)
Key Takeaway
Homes in Knoxville have sold for 30.7% more than they did a year ago.
Summary: The median home sold price in Knoxville was $500,000 in November 2024, up 30.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $320.5K | +39.3% |
| 3 Bedrooms | $375K | $400.5K | +6.8% |
| 4 Bedrooms | $565K | $585K | +3.5% |
| 5+ Bedrooms | $660K | $681K | +3.2% |
Summary: Knoxville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Knoxville | $382.5K | $500K | +30.7% |
| Brunswick | $379K | $420K | +10.8% |
Housing Supply in Knoxville, MD
How many homes are available in Knoxville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Knoxville real estate market had 16 homes for sale in November 2024, a 5.9% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Knoxville 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Knoxville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Knoxville in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Knoxville, MD
How long does it take to sell a home in Knoxville, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 27 Days | +300.7% |
Summary: Homes in Knoxville had an average of 27 days on market in Nov 2024, up by 300.7% 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 Knoxville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Knoxville; 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.
