$8,788 Closing Credit*
$740,000
2,484 SqFt
4 Beds
•2 Full Baths, 1 Partial
Katherine A Dixon, Listing Office: Blue Crab Real Estate, LLC
Is Scaggsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$605,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,000(+15.2%)
Key Takeaway
Homes in Scaggsville have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Scaggsville was $605,000 in November 2024, up 15.2% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195K | N/A |
| 2 Bedrooms | $295.5K | $302.9K | +2.5% |
| 3 Bedrooms | $452.5K | $500K | +10.5% |
| 4 Bedrooms | $622K | $681K | +9.5% |
| 5+ Bedrooms | $769.5K | $915K | +18.9% |
Summary: Scaggsville 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 2.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Scaggsville | $525K | $605K | +15.2% |
| Fulton | $805K | $891.5K | +10.8% |
| Columbia | $450.2K | $486K | +8.0% |
| Savage | $490K | $475K | -3.1% |
| North Laurel | $485K | $463.5K | -4.4% |
Housing Supply in Scaggsville, MD
How many homes are available in Scaggsville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 48 | +2.1% |
Summary: The Scaggsville real estate market had 48 homes for sale in November 2024, a 2.1% 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Scaggsville 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 9.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scaggsville, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Scaggsville in November 2024, up by 21.4% month-over-month. Of the 17 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 16 Days | -41.0% |
Summary: Homes in Scaggsville had an average of 16 days on market in Nov 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 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 November 2024, 17 homes were sold in Scaggsville; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
