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| MARCH 2025 | |||
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| Zip Code(s): 21740 and 21742 | |||
| Units Sold 89 |
Active Inventory 206 |
Median Sale Price $319,000 |
Days On Market 50 |
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| Down -1% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 8% Vs. Year Ago |
Up 19% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 89 sold this month in Hagerstown Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 12 units or 6%. The total number of active inventory this March was 206 compared to 194 in March 2024. This month's total of 206 is lower than the previous month's total supply of available inventory of 218, a decrease of 6%. |
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Median Sale Price
Last March, the median sale price for Hagerstown Homes was $295,000. This March, the median sale price was $319,000, an increase of 8% or $24,000 compared to last year. The current median sold price is 2% higher than in February. 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 124 |
Current Contracts 113 |
Sold Vs. List Price 100.0% |
Months of Supply 2.3 |
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| Up 10% Vs. Year Ago |
Up 19% Vs. Year Ago |
No Change Vs. Year Ago |
Up 7% Vs. Year Ago |
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Months of Supply
In March, there was 2.3 months of supply available in Hagerstown, compared to 2.2 in March 2024. That is an increase of 7% 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 124 homes newly listed for sale in Hagerstown compared to 113 in March 2024, an increase of 10%. There were 113 current contracts pending sale this March compared to 95 a year ago. The number of current contracts is 19% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Hagerstown was 100.0% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 50, higher than the average last year, which was 42, an increase of 19%. | |||
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Hagerstown are defined as properties listed in zip code/s 21740 and 21742. | ||
| *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. |
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