$4,156 Closing Credit*
$350,000
774 SqFt
2 Beds
•1 Full Bath
D. Eric Coaxum, Listing Office: RE/MAX Advantage Realty
Is Scaggsville, 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, Scaggsville has remained a Seller's Market.
Key Takeaway
Scaggsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scaggsville, MD
How much do homes in Scaggsville, MD cost?
Median Sold Price
$590,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,509(+12.3%)
Key Takeaway
Homes in Scaggsville have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Scaggsville was $590,000 in October 2024, up 12.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195K | N/A |
| 2 Bedrooms | $285K | $335K | +17.5% |
| 3 Bedrooms | $455K | $487.5K | +7.1% |
| 4 Bedrooms | $635K | $677.5K | +6.7% |
| 5+ Bedrooms | $769.5K | $915K | +18.9% |
Summary: Scaggsville 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 17.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Scaggsville | $525.4K | $590K | +12.3% |
| Columbia | $449.6K | $485.8K | +8.0% |
| Fulton | $825.6K | $880K | +6.6% |
| Savage | $482.5K | $480K | -0.5% |
| North Laurel | $472.5K | $460K | -2.6% |
Housing Supply in Scaggsville, MD
How many homes are available in Scaggsville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The Scaggsville real estate market had 52 homes for sale in October 2024, a 6.1% 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 | 10 | 11 | +10.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Scaggsville 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 10%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scaggsville, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Scaggsville in October 2024, down by 22.2% month-over-month. Of the 14 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Scaggsville, MD
How long does it take to sell a home in Scaggsville, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 24 Days | +164.4% |
Summary: Homes in Scaggsville had an average of 24 days on market in Oct 2024, up by 164.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scaggsville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Scaggsville; 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.
