Is Queen Anne, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Queen Anne is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Queen Anne was a Seller's Market.

Key Takeaway

Queen Anne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Queen Anne, MD

How much do homes in Queen Anne, MD cost?

Median Sold Price

$450,000

$169/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$95,000(-17.4%)

Key Takeaway

Homes in Queen Anne have sold for 17.4% less than they did a month ago.

Summary: The median home sold price in Queen Anne was $450,000 in October 2024, down 17.4% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $350K$450K
+28.6%
4 $740K-
N/A
5+ --
N/A

Summary: Queen Anne housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 28.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Queen Anne, MD

How many homes are available in Queen Anne, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108-20.0%

Summary: The Queen Anne real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 87
-12.5%
4 10
-100.0%
5+ 00
0.0%

Summary: The Queen Anne 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 decreased by 12.5%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Queen Anne, 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 Queen Anne in October 2024, down by 50.0% 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 Queen Anne, MD

How long does it take to sell a home in Queen Anne, MD?

Average Sale Time

Sep 2024Oct 2024CHANGE
4 Days48 Days+966.7%

Summary: Homes in Queen Anne had an average of 48 days on market in Oct 2024, up by 966.7% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Queen Anne has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Queen Anne; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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