Frederick County Market Update – February 2025

Frederick County Market Update – February 2025

The February 2025 real estate market update provides insights into housing trends across different parts of Frederick County. This analysis primarily compares data from the previous month, January 2025, highlighting key shifts in inventory, pricing, and market competitiveness. By examining these metrics, buyers and sellers can better understand current conditions and make informed decisions. Whether you’re looking to purchase a home or sell one, staying up to date with these trends will help you navigate the market effectively.

In Brunswick, the real estate market remains competitive, with a Months Supply of Inventory at 1.42, indicating a strong seller’s market. The 12-Month Change in Inventory has increased by 40.59%, suggesting a shift toward a more balanced market. Homes are selling quickly, with a median of just 7 days on the market, and sellers are receiving, on average, 103.6% of their asking price, reflecting strong demand and frequent bidding wars. The median sold price of $344,900 highlights the current pricing trends. Buyers should be prepared to act fast, while sellers can take advantage of the high demand.

In Thurmont, inventory remains low, with a Months Supply of Inventory at 1.5 months, signaling a market that still favors sellers. However, inventory has increased significantly, with a 102.7% year-over-year change, providing more opportunities for buyers. Despite this, homes are selling relatively quickly, with a median of 23 days on the market. The Sold-to-List Price ratio of 101.5% suggests that many homes are still selling above the asking price. The median sold price of $372,450 sets the benchmark for current home values. While buyers may have slightly more options, they should still be prepared to move quickly, and sellers should price strategically to attract competitive offers.

In Frederick, the market remains highly competitive, with a Months Supply of Inventory at just 0.97, meaning there is less than a month’s worth of homes available for sale. Inventory has increased by 12.79% over the past year, but the market still strongly favors sellers. Homes are selling fast, with a median of 23 days on the market, and the Sold-to-List Price ratio of 100.7% indicates that most homes are selling at or just above their listing prices. The median sold price of $429,500 reflects strong pricing trends in the area. Buyers should be prepared for competition, while sellers can benefit from continued high demand.

In New Market, inventory is especially low, with a Months Supply of Inventory at 0.89, making it one of the most competitive markets in the county. The 12-Month Change in Inventory has risen by 32.84%, showing signs of a slight shift toward balance. Homes here have a median of 60 days on the market, taking longer to sell compared to other areas. However, sellers are still receiving 98.8% of their asking price, and the median sold price is $719,500, indicating strong home values. Buyers may find slightly more options compared to previous months, but competition remains present, and sellers should still expect to see favorable offers.

Summary

Overall, Frederick County’s real estate market continues to be highly competitive, with low inventory and strong demand driving quick sales and high prices. While inventory has increased in some areas, the market remains favorable for sellers. Buyers should be prepared to move quickly and make strong offers, while sellers can capitalize on current market conditions with strategic pricing.