$6,508 Closing Credit*
$548,000
2,880 SqFt
Bernard J Kilby, Listing Office: EXIT On The Bay
Is Ridgely, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Ridgely was a Neutral Market.
Key Takeaway
Ridgely is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgely, MD
How much do homes in Ridgely, MD cost?
Median Sold Price
$321,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,000(+0.3%)
Key Takeaway
The sold price of homes in Ridgely has remained the same since last year.
Summary: The median home sold price in Ridgely was $321,000 in November 2024, up 0.3% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $212K | $230K | +8.5% |
| 3 Bedrooms | $329.9K | $324K | -1.8% |
| 4 Bedrooms | $352.5K | $417.9K | +18.6% |
| 5+ Bedrooms | $625K | $429.9K | -31.2% |
Summary: Ridgely 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 increased by 8.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 31.2%.
Housing Supply in Ridgely, MD
How many homes are available in Ridgely, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Ridgely real estate market had 15 homes for sale in November 2024, a 7.1% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ridgely 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 decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgely, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ridgely in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ridgely, MD
How long does it take to sell a home in Ridgely, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 52 Days | -28.3% |
Summary: Homes in Ridgely had an average of 52 days on market in Nov 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ridgely are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Ridgely; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
