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FOCUS ON: FREDERICK HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 21701, 21702, 21703, 21704, 21714 and 21717 |
Units Sold
180 |
Active Inventory
421 |
Median Sale Price
$465,000 |
Days On Market
19 |
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Down -17%
Vs. Year Ago |
Up 30%
Vs. Year Ago |
Down -2%
Vs. Year Ago |
Up 12%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 180 sold this month in Frederick Real Estate versus 211 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 17% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 98 units or 30%. The total number of active inventory this July was 421 compared to 323 in July 2024. This month's total of 421 is lower than the previous month's total supply of available inventory of 426, a decrease of 1%.
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Median Sale Price
Last July, the median sale price for Frederick Homes was $475,000. This July, the median sale price was approximately the same at $465,000. The current median sold price is 2% lower than in July 2024.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
247 |
Current Contracts
186 |
Sold Vs. List Price
100.0% |
Months of Supply
2.3 |
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No Change
Vs. Year Ago |
Down -22%
Vs. Year Ago |
Down -0.8%
Vs. Year Ago |
Up 57%
Vs. Year Ago |
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Months of Supply
In July, there was 2.3 months of supply available in Frederick, compared to 1.5 in July 2024. That is an increase of 57% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 247 homes newly listed for sale in Frederick, which is similar to the amount in July 2024. There were 186 current contracts pending sale this July compared to 237 a year ago. The number of current contracts is 22% lower than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Frederick was 100.0% of the average list price, which is 0.8% lower than at this time last year.
Days on Market
This month, the average number of days on market was 19, higher than the average last year, which was 17, an increase of 12%.
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Frederick are defined as properties listed in zip code/s 21701, 21702, 21703, 21704, 21714 and 21717. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |