Frederick, MD Housing Market
The Frederick housing market is very competitive. Homes in Frederick receive 3 offers on average and sell in around 25 days. The median sale price of a home in Frederick was $440K last month, up 2.3% since last year. The median sale price per square foot in Frederick is $225, up 2.7% since last year.
Frederick Housing Market Trends
In March 2024, Frederick home prices were up 2.3% compared to last year, selling for a median price of $440K. On average, homes in Frederick sell after 25 days on the market compared to 23 days last year. There were 139 homes sold in March this year, down from 163 last year.
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How hot is the Frederick housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 23 days.
- Hot homescan sell for about 3% above list price and go pending in around 4 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 6 days.
- Hot homescan sell for about 4% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 21 days.
- Hot homescan sell for about 3% above list price and go pending in around 4 days.
Frederick Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Frederick from outside metros.
- New York homebuyers searched to move into Frederick more than any other metro followed by Atlanta and Hartford.
- 81% of Frederick homebuyers searched to stay within the Frederick metropolitan area.
- Salisbury was the most popular destination among Frederick homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 3,185 | ||
2 | 1,376 | ||
3 | 525 | ||
4 | 384 | ||
5 | 26 | ||
6 | 13 | ||
7 | 11 | ||
8 | 10 | ||
9 | 5 | ||
10 | 5 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 4,584 | ||
2 | 2,396 | ||
3 | 2,070 | ||
4 | 1,555 | ||
5 | 1,496 | ||
6 | 1,356 | ||
7 | 1,298 | ||
8 | 1,266 | ||
9 | 982 | ||
10 | 808 |
Home offer insights for Frederick
Recent offers
- Offer Not Accepted|11 Weeks Ago~$450K OfferSold for $450K3 bd | 2.5 ba | ~2,000 sqftOver List Price1%Days on Market6Competing Offers2Down Payment~20%
- Offer Not Accepted|12 Weeks Ago~$250K OfferSold for $325K3 bd | 1.5 ba | ~1,500 sqftUnder List Price16%Days on Market5Competing Offers0Down Payment—
- Offer Not Accepted|5 Weeks Ago~$325K OfferSold for $325K3 bd | 2 ba | ~1,750 sqftOver List Price0%Days on Market5Competing Offers4Down Payment—
- Offer Not Accepted|9 Weeks Ago~$225K OfferSold for $250K2 bd | 2 ba | ~1,000 sqftUnder List Price9%Days on Market14Competing Offers2Down Payment—
View houses in Frederick that sold recently
Recently sold homes
- $379,000 Last Sold Price2 beds1.5 baths1,100 sq ft408 W South St, Frederick, MD 21701(301) 228-2121List Price$379,000Sale to List0% over listDays on Market35 days408 W South St, Frederick, MD 21701
- $350,000 Last Sold Price3 beds1 bath924 sq ft506 Military Rd, Frederick, MD 21702(301) 695-3020List Price$359,900Sale to List3% under listDays on Market39 days506 Military Rd, Frederick, MD 21702
- $845,000 Last Sold Price4 beds3.5 baths4,021 sq ft6457 Bannister Ct, Frederick, MD 21701(240) 744-1403List Price$839,900Sale to List1% over listDays on Market24 days6457 Bannister Ct, Frederick, MD 21701
- $425,000 Last Sold Price3 beds3 baths2,336 sq ft6620 Granville Ct, Frederick, MD 21703(240) 219-2422List Price$400,000Sale to List6% over listDays on Market32 days6620 Granville Ct, Frederick, MD 21703
- $650,000 Last Sold Price3 beds2.5 baths1,868 sq ft41 E 3rd St E, Frederick, MD 21701(301) 695-9600List Price$595,000Sale to List9% over listDays on Market28 days41 E 3rd St E, Frederick, MD 21701
- $590,000 Last Sold Price4 beds2.5 baths2,054 sq ft6254 Darlington Ct, Frederick, MD 21703(301) 696-1196List Price$559,500Sale to List5% over listDays on Market32 days6254 Darlington Ct, Frederick, MD 21703
- $524,294 Last Sold Price4 beds3.5 baths2,382 sq ft2558 Hopton Ln Lot 251, Frederick, MD 21701(703) 725-1803List Price$529,358Sale to List1% under listDays on Market79 days2558 Hopton Ln Lot 251, Frederick, MD 21701
- $389,950 Last Sold Price3 beds3 baths1,978 sq ft6479 Jack Linton Dr S, Frederick, MD 21703(301) 970-2447List Price$389,950Sale to List0% over listDays on Market92 days6479 Jack Linton Dr S, Frederick, MD 21703
See all recently sold homes in Frederick.
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Schools in Frederick
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Whittier Elementary School Public • PreK-5 | 690 Students | 14 reviews |
7/10 Parkway Elementary School Public • K-5 | 220 Students | 2 reviews |
7/10 Orchard Grove Elementary School Public • PreK-5 | 602 Students | 15 reviews |
7/10 Walkersville Elementary School Public • PreK-5 | 691 Students | 3 reviews |
7/10 Yellow Springs Elementary School Public • K-5 | 455 Students | 8 reviews |
Climate's impact on Frederick housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Frederick.
Flood Factor - Severe
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Frederick
Walk Score®
Bike Score®
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