$165,000
2.15 Acres
Land
Cathy Morgan-Dendrinos, Listing Office: Berkshire Hathaway HomeServices Homesale Realty
Is Monkton, 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, 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
$710,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$119,400(-14.4%)
Key Takeaway
Homes in Monkton have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in Monkton was $710,500 in October 2024, down 14.4% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $728K | $535K | -26.5% |
| 3 Bedrooms | $486K | $565K | +16.3% |
| 4 Bedrooms | $815.6K | $717.7K | -12.0% |
| 5+ Bedrooms | $855.5K | $1.0M | +16.9% |
Summary: Monkton housing prices by bedroom type for October 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 16.3%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Phoenix | $680K | $750K | +10.3% |
| Sparks Glencoe | $400K | $430K | +7.5% |
| White Hall | $517.5K | $502.5K | -2.9% |
| Baldwin | $670K | $649.9K | -3.0% |
| Monkton | $829.9K | $710.5K | -14.4% |
Housing Supply in Monkton, MD
How many homes are available in Monkton, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Monkton real estate market had 15 homes for sale in October 2024, a 7.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Monkton 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monkton, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monkton in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 90 Days | +1841.4% |
Summary: Homes in Monkton had an average of 90 days on market in Oct 2024, up by 1841.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Monkton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Monkton; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
