$10,000 Closing Credit*
$1,349,000
3,568 SqFt
5 Beds
•4 Full Baths, 1 Partial
Kristin C Natarajan, Listing Office: Long & Foster Real Estate, Inc.
Is Phoenix, 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, Phoenix has remained a Seller's Market.
Key Takeaway
Phoenix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Phoenix, MD
How much do homes in Phoenix, MD cost?
Median Sold Price
$750,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$67,500(+9.9%)
Key Takeaway
Homes in Phoenix have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Phoenix was $750,000 in November 2024, up 9.9% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $622.5K | - | N/A |
| 3 Bedrooms | $530K | $541.7K | +2.2% |
| 4 Bedrooms | $657K | $743.7K | +13.2% |
| 5+ Bedrooms | $880K | $937.5K | +6.5% |
Summary: Phoenix 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 did not change, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Phoenix | $682.5K | $750K | +9.9% |
| Cockeysville | $449.9K | $475K | +5.6% |
| Glen Arm | $605K | $605K | 0.0% |
| Monkton | $829.9K | $712.7K | -14.1% |
Housing Supply in Phoenix, MD
How many homes are available in Phoenix, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Phoenix real estate market had 29 homes for sale in November 2024, a 3.6% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Phoenix 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 11 | +1000.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenix, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Phoenix in November 2024, up by 1000.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Phoenix, MD
How long does it take to sell a home in Phoenix, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 22 Days | 0.1% |
Summary: Homes in Phoenix had an average of 22 days on market in Nov 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Phoenix are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Phoenix; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
