$45,000
4.00 Acres
Land
Susan R Bell, Listing Office: Railey Realty, Inc.
Is Swanton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Swanton was a Seller's Market.
Key Takeaway
Swanton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Swanton, MD
How much do homes in Swanton, MD cost?
Median Sold Price
$620,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,000(-4.6%)
Key Takeaway
Homes in Swanton have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Swanton was $620,000 in October 2024, down 4.6% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $55K | N/A |
| 2 Bedrooms | $356.2K | $252.5K | -29.1% |
| 3 Bedrooms | $496.2K | $375K | -24.4% |
| 4 Bedrooms | $647K | $807.5K | +24.8% |
| 5+ Bedrooms | $1.4M | $1.2M | -15.3% |
Summary: Swanton 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 decreased by 29.1%, 3 bedroom homes decreased by 24.4%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Mc Henry | $663K | $725K | +9.4% |
| Swanton | $650K | $620K | -4.6% |
Housing Supply in Swanton, MD
How many homes are available in Swanton, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The Swanton real estate market had 55 homes for sale in October 2024, a 3.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Swanton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swanton, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Swanton in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Swanton, MD
How long does it take to sell a home in Swanton, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 12 Days | -74.6% |
Summary: Homes in Swanton had an average of 12 days on market in Oct 2024, down by 74.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swanton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Swanton; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
