Frederick County Market Report: December 2023 vs. December 2024

1. Median List Price

December 2023: $450,000
December 2024: $499,900
Difference: Increased by $49,900 (+11.1%).
Analysis: The substantial increase in list prices reflects growing seller confidence and the market's appreciation over the year.

2. Median Sold Price

December 2023: $495,000
December 2024: $499,900
Difference: Increased by $4,900 (+1%).
Analysis: While list prices saw a significant jump, the modest increase in sold prices suggests buyers were willing to pay slightly more but remained mindful of affordability.

3. Days on Market (DOM)

December 2023: 25 days
December 2024: 24 days
Difference: Decreased by 1 day (-4%).
Analysis: Homes sold slightly faster in 2024, indicating steady buyer demand and efficient market activity despite higher list prices.

4. Number of Homes That Went Pending vs. Sold

Pending Homes:
December 2023: 133
December 2024: 162
Difference: Increased by 29 homes (+21.8%).

Sold Homes:
December 2023: 246
December 2024: 297
Difference: Increased by 51 homes (+20.7%).
Analysis: The significant rise in both pending and sold transactions highlights strong buyer activity and a more active market overall in December 2024.

Summary

December 2024 was a stronger month for Frederick County compared to December 2023, with a significant rise in median list prices and modest growth in median sold prices. Homes sold slightly faster, reflecting sustained buyer interest. The notable increases in both pending and completed sales show a more active market, driven by confident sellers and engaged buyers. These trends point to a robust market environment where both buyers and sellers benefited.