$450,000
4.84 Acres
Land
Heidi S Krauss, Listing Office: Krauss Real Property Brokerage
Is Phoenix, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Phoenix was a Seller's Market.
Key Takeaway
Phoenix is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 October 2023
+$70,000(+10.3%)
Key Takeaway
Homes in Phoenix have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Phoenix was $750,000 in October 2024, up 10.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $622.5K | - | N/A |
| 3 Bedrooms | $522.5K | $570.8K | +9.3% |
| 4 Bedrooms | $654K | $757K | +15.7% |
| 5+ Bedrooms | $905K | $912.5K | +0.8% |
Summary: Phoenix 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 did not change, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Phoenix | $680K | $750K | +10.3% |
| Cockeysville | $450K | $470K | +4.4% |
| Glen Arm | $590K | $605K | +2.5% |
| Baldwin | $670K | $649.9K | -3.0% |
| Monkton | $829.9K | $710.5K | -14.4% |
Housing Supply in Phoenix, MD
How many homes are available in Phoenix, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Summary: The Phoenix real estate market had 33 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Phoenix 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenix, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Phoenix in October 2024, down by 87.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +58.2% |
Summary: Homes in Phoenix had an average of 31 days on market in Oct 2024, up by 58.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Phoenix has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Phoenix; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
