$10,000 Closing Credit*
$1,549,500
4,408 SqFt
5 Beds
•3 Full Baths, 1 Partial
Kristin C Natarajan, Listing Office: Long & Foster Real Estate, Inc.
Is Monkton, 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, Monkton has remained a Seller's Market.
Key Takeaway
Monkton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monkton, MD
How much do homes in Monkton, MD cost?
Median Sold Price
$712,750
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$117,200(-14.1%)
Key Takeaway
Homes in Monkton have sold for 14.1% less than they did a year ago.
Summary: The median home sold price in Monkton was $712,750 in November 2024, down 14.1% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $728K | $535K | -26.5% |
| 3 Bedrooms | $475K | $582.5K | +22.6% |
| 4 Bedrooms | $815K | $725K | -11.0% |
| 5+ Bedrooms | $874.2K | $1.0M | +14.4% |
Summary: Monkton 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 decreased by 26.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Phoenix | $682.5K | $750K | +9.9% |
| Sparks Glencoe | $395K | $430K | +8.9% |
| White Hall | $510K | $502.5K | -1.5% |
| Monkton | $829.9K | $712.7K | -14.1% |
Housing Supply in Monkton, MD
How many homes are available in Monkton, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Monkton real estate market had 10 homes for sale in November 2024, a 28.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monkton 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 33.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monkton, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Monkton in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Monkton, MD
How long does it take to sell a home in Monkton, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 7 Days | -47.5% |
Summary: Homes in Monkton had an average of 7 days on market in Nov 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monkton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Monkton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
