Happy Saint Paddy’s Day! Spring is almost here and our market is really starting to heat up! If you are thinking about buying or selling, take a look at our real estate update where we break down the stats for each county.
Stats pulled on March 17, 2023.
Allegany County, Maryland
Active Residential Homes: 112 homes
Coming Soon Residential Homes: 4
Under Contract: 77 homes
Closed in the Last 30 Days: 49 homes
Average Sale Price: $120,980
Average Days on the Market: 70
Average Sold Price/ Original Price: 98.6%
Garrett County, Maryland
Active Residential Homes: 117 homes
Coming Soon Residential Homes: 1
Under Contract: 64 homes
Closed in the Last 30 Days: 43 homes
Average Sale Price: $601,514
Average Days on the Market: 92
Average Sold Price/ Original Price: 91.5%
Mineral County, West Virginia
Active Residential Homes: 36 homes
Coming Soon Residential Homes: 0
Under Contract: 19 homes
Closed in the Last 30 Days: 19 homes
Average Sale Price: $155,550
Average Days on the Market: 47
Average Sold Price/ Original Price: 95.5%
Hampshire County, West Virginia
Active Residential Homes: 50 homes
Coming Soon Residential Homes: 7
Under Contract: 21 homes
Closed in the Last 30 Days: 19 homes
Average Sale Price: $196,356
Average Days on the Market: 89
Average Sold Price/ Original Price: 86.8%
An important stat to pay attention to is the average list to sale price. This shows how close the house sold to its original listing price. Over the last year, we have seen this percentage decrease meaning sellers are not getting as close to what they originally asked for.
What does this mean?
If you are looking to sell, this is the time to reach out to a REALTOR! Inventory is currently very low and buyers are out there looking! We are seeing the start of a STRONG spring market that is destined to bring multiple offers and quick sales!
If you are looking to buy, talk to an agent on how to succeed in this fast pace market! Please feel free to reach out to Mountainside Home Realty and we can provide you information on what a buyer’s agent is and some tips and tricks on how to handle this changing market.
We are in need of some specific inventory: Mineral County homes in the $100,000 to $500,000 range, homes (especially with acreage) in the $200,000+ range, sizable tracts of land suitable for building and/or recreation, and fixer uppers in the Cumberland and Mineral County areas. If you have been thinking of selling anything fitting this description, please let us know!
If you would like to talk to an agent about buying or selling, please reach out to Mountainside Home Realty at 301-722-0190 or email us at info@mdmountainsidehomes.com.
