Is Finksburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Finksburg has remained a Seller's Market.
Key Takeaway
Finksburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Finksburg, MD
How much do homes in Finksburg, MD cost?
Median Sold Price
$515,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Finksburg have sold for 12% more than they did a year ago.
Summary: The median home sold price in Finksburg was $515,000 in May 2024, up 12% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $289.9K | $265K | -8.6% |
| 3 Bedrooms | $392.5K | $437.5K | +11.5% |
| 4 Bedrooms | $514.5K | $619K | +20.3% |
| 5+ Bedrooms | $844.4K | $730K | -13.6% |
Summary: Finksburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Finksburg | $460K | $515K | +12.0% |
| Reisterstown | $360K | $385K | +6.9% |
| Owings Mills | $340.8K | $360K | +5.6% |
Housing Supply in Finksburg, MD
How many homes are available in Finksburg, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 33 | +43.5% |
Summary: The Finksburg real estate market had 33 homes for sale in May 2024, a 43.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Finksburg housing inventory by bedroom type for May 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 85.7%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Finksburg, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Finksburg in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Finksburg, MD
How long does it take to sell a home in Finksburg, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 5 Days | -63.3% |
Summary: Homes in Finksburg had an average of 5 days on market in May 2024, down by 63.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Finksburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Finksburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
