$3,680 Closing Credit*
$309,900
1,008 SqFt
3 Beds
•1 Full Bath
Marcia L. Rostien, Listing Office: Long & Foster Real Estate, Inc.
Is Ridgely, 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, Ridgely has remained a Seller's 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
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,500(+1.1%)
Key Takeaway
Homes in Ridgely have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Ridgely was $321,000 in October 2024, up 1.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $212K | $230K | +8.5% |
| 3 Bedrooms | $328.5K | $324.5K | -1.2% |
| 4 Bedrooms | $315K | $417.9K | +32.7% |
| 5+ Bedrooms | $625K | $426.4K | -31.8% |
Summary: Ridgely 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 8.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes decreased by 31.8%.
Housing Supply in Ridgely, MD
How many homes are available in Ridgely, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Ridgely real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ridgely 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 increased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgely, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Ridgely in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 72 Days | +68.0% |
Summary: Homes in Ridgely had an average of 72 days on market in Oct 2024, up by 68% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 October 2024, 3 homes were sold in Ridgely; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
