Is Mount Airy, 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, Mount Airy has remained a Seller's Market.
Housing Prices in Mount Airy, MD
How much do homes in Mount Airy, MD cost?
Median Sold Price
$575,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Airy was $575,000 in May 2024, down 2.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $299.5K | $378.5K | +26.4% |
3 Bedrooms | $435K | $495K | +13.8% |
4 Bedrooms | $652.5K | $650K | -0.4% |
5+ Bedrooms | $787.5K | $845K | +7.3% |
Summary: Mount Airy 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 increased by 26.4%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Monrovia | $625K | $650K | +4.0% |
Union Bridge | $350K | $362.5K | +3.6% |
Mount Airy | $588K | $575K | -2.2% |
Mount Airy | $593.5K | $575.8K | -3.0% |
Housing Supply in Mount Airy, MD
How many homes are available in Mount Airy, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 90 | +25.0% |
Summary: The Mount Airy real estate market had 90 homes for sale in May 2024, a 25.0% 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 | 6 | 3 | -50.0% |
3 Bedrooms | 21 | 33 | +57.1% |
4 Bedrooms | 33 | 41 | +24.2% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Mount Airy 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 decreased by 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Mount Airy in May 2024, down by 20.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for Mount Airy, MD
How long does it take to sell a home in Mount Airy, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 17 Days | +2.4% |
Summary: Homes in Mount Airy had an average of 17 days on market in May 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Mount Airy; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.