Is Swanton, 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, Swanton was a Seller's Market.
Key Takeaway
Swanton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Swanton, MD
How much do homes in Swanton, MD cost?
Median Sold Price
$742,500
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Swanton have sold for 29.1% more than they did a year ago.
Summary: The median home sold price in Swanton was $742,500 in May 2024, up 29.1% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $302.5K | +218.4% |
| 3 Bedrooms | $506.2K | $397.5K | -21.5% |
| 4 Bedrooms | $830K | $630K | -24.1% |
| 5+ Bedrooms | $814.5K | $1.8M | +124.1% |
Summary: Swanton 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 218.4%, 3 bedroom homes decreased by 21.5%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 124.1%.
Median Sold Price Compared To Nearby Cities
| Swanton | $575K | $742.5K | +29.1% |
| Mc Henry | $659.5K | $694.5K | +5.3% |
Housing Supply in Swanton, MD
How many homes are available in Swanton, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 45 | +45.2% |
Summary: The Swanton real estate market had 45 homes for sale in May 2024, a 45.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Swanton 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 increased by 33.3%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Swanton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Swanton in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Swanton, MD
How long does it take to sell a home in Swanton, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 63 Days | +177.0% |
Summary: Homes in Swanton had an average of 63 days on market in May 2024, up by 177% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Swanton has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Swanton; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
