$8,014 Closing Credit*
$674,900
3,106 SqFt
4 Beds
•3 Full Baths, 1 Partial
Daniel W Hozhabri, Listing Office: Keller Williams Realty Centre
Is Mount Airy, 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, Mount Airy has remained a Seller's Market.
Key Takeaway
Mount Airy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Airy, MD
How much do homes in Mount Airy, MD cost?
Median Sold Price
$600,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.3%)
Key Takeaway
Homes in Mount Airy have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Mount Airy was $600,000 in October 2024, up 4.3% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $361.2K | $380K | +5.2% |
| 3 Bedrooms | $465.1K | $475K | +2.1% |
| 4 Bedrooms | $645K | $700K | +8.5% |
| 5+ Bedrooms | $835K | $809.9K | -3.0% |
Summary: Mount Airy 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 increased by 5.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Mount Airy | $575K | $600K | +4.3% |
| Mount Airy | $580K | $604K | +4.1% |
| Monrovia | $625K | $642.5K | +2.8% |
| Union Bridge | $370K | $370K | 0.0% |
Housing Supply in Mount Airy, MD
How many homes are available in Mount Airy, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 81 | 0.0% |
Summary: The Mount Airy real estate market had 81 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Mount Airy 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 decreased by 20%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Airy, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Mount Airy in October 2024, down by 26.7% month-over-month. Of the 22 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% were sold over asking.
Days on Market for Mount Airy, MD
How long does it take to sell a home in Mount Airy, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +73.8% |
Summary: Homes in Mount Airy had an average of 28 days on market in Oct 2024, up by 73.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Airy are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Mount Airy; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
