Is Thurmont, 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, Thurmont has remained a Seller's Market.
Key Takeaway
Thurmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thurmont, MD
How much do homes in Thurmont, MD cost?
Median Sold Price
$375,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Thurmont have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Thurmont was $375,000 in May 2024, up 7.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $310K | +21.6% |
| 3 Bedrooms | $334K | $335K | 0.3% |
| 4 Bedrooms | $410K | $474.2K | +15.7% |
| 5+ Bedrooms | $349K | $425K | +21.8% |
Summary: Thurmont 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 21.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 21.8%.
Housing Supply in Thurmont, MD
How many homes are available in Thurmont, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Summary: The Thurmont real estate market had 36 homes for sale in May 2024, a 24.1% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Thurmont 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 30.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thurmont, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Thurmont in May 2024, the same as the previous month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Thurmont, MD
How long does it take to sell a home in Thurmont, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -25.2% |
Summary: Homes in Thurmont had an average of 15 days on market in May 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
9 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 Thurmont are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Thurmont; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
