Is Frostburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Frostburg was a Seller's Market.
Key Takeaway
Frostburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Frostburg, MD
How much do homes in Frostburg, MD cost?
Median Sold Price
$140,500
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Frostburg has remained the same since last year.
Summary: The median home sold price in Frostburg was $140,500 in May 2024, up 0.4% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $152.5K | $125.5K | -17.7% |
| 3 Bedrooms | $145.5K | $150K | +3.1% |
| 4 Bedrooms | $105K | $125K | +19.0% |
| 5+ Bedrooms | $141.2K | $167K | +18.2% |
Summary: Frostburg 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 17.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in Frostburg, MD
How many homes are available in Frostburg, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Summary: The Frostburg real estate market had 42 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Frostburg 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Frostburg, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Frostburg in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Frostburg, MD
How long does it take to sell a home in Frostburg, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 111 Days | 65 Days | -41.5% |
Summary: Homes in Frostburg had an average of 65 days on market in May 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frostburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Frostburg; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
