Is Frederick, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Frederick has remained a Seller's Market.
Key Takeaway
Frederick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederick, MD
How much do homes in Frederick, MD cost?
Median Sold Price
$436,078
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Frederick have sold for 5% more than they did a year ago.
Summary: The median home sold price in Frederick was $436,078 in April 2024, up 5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.5K | $225K | +22.6% |
| 2 Bedrooms | $285K | $295.4K | +3.7% |
| 3 Bedrooms | $400K | $418.2K | +4.6% |
| 4 Bedrooms | $493K | $524.9K | +6.5% |
| 5+ Bedrooms | $657.2K | $730K | +11.1% |
Summary: Frederick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in Frederick, MD
How many homes are available in Frederick, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 435 | 482 | +10.8% |
Summary: The Frederick real estate market had 482 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 75 | 86 | +14.7% |
| 3 Bedrooms | 194 | 217 | +11.9% |
| 4 Bedrooms | 117 | 122 | +4.3% |
| 5+ Bedrooms | 47 | 55 | +17.0% |
Summary: The Frederick housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 17%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 160 | 137 | -14.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederick, you could pay more than the asking price. 56.9% of homes here sold above asking price last month.
Summary: A total of 137 homes were sold or pending in Frederick in April 2024, down by 14.4% month-over-month. Of the 137 sold homes, 16% were sold under asking, 27% were sold at asking, and 57% were sold over asking.
Days on Market for Frederick, MD
How long does it take to sell a home in Frederick, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +24.6% |
Summary: Homes in Frederick had an average of 17 days on market in Apr 2024, up by 24.6% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederick are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 137 homes were sold in Frederick; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
