Real Estate Market Report for Frederick City, by zip code:
| 21701 | 2009 | 2008 | % Change |
| Avg. Price | $272,100 | $258,611 | +5% |
| Median Price | $207,500 | $226,750 | -8% |
| DOM | 121 | 136 | -11% |
| # homes sold | 38 | 30 | +27% |
| New Listings: | 78 |
| Total Marked Contract: | 29 |
| Total Marked Contingent: | 18 |
| Total Pending (contract + contingent) | 47 |
There are 280 active listings in the zip code, which represents roughly a 6-7 month inventory, or absorption rate. 68% of the homes sold were under $300,000. 45% sold in under 30 days.
| 21702 | 2009 | 2008 | % Change |
| Avg. Price | $230,824 | $247,296 | -7% |
| Median Price | $202,500 | $230,000 | -12% |
| DOM | 76 | 94 | -19% |
| # homes sold | 36 | 41 | -12% |
| New Listings: | 66 |
| Total Marked Contract: | 28 |
| Total Marked Contingent: | 21 |
| Total Pending (contract + contingent) | 49 |
There are currently 253 active listings in the zip code, representing roughly a 6 month inventory. (remember, 6 months is a balanced market, favoring neither buyers nor sellers.) 47% of sales in September took place in under 30 days. 75% of homes sold were under $300,000.
| 21703 | 2009 | 2008 | % Change |
| Avg. Price | $199,100 | $227,500 | -19% |
| Median Price | $197,000 | $227,500 | -13% |
| DOM | 78 | 96 | -19% |
| # homes sold | 42 | 36 | +17% |
| New Listings: | 74 |
| Total Marked Contract: | 41 |
| Total Marked Contingent: | 21 |
| Total Pending (contract + contingent) | 72 |
The 21703 zip code shows 272 active listings, representing roughly a 4-5 month inventory.
Overall, we’re seeing that inventory is shrinking mont after month, sales are up, and prices are declining at a slower pace and we’re experiencing a balanced market.
*All Statistics gathered from MRIS, Metropolitan Regional Information System. Though deemed accurate, not guaranteed.
Compare to Frederick City Real Estate Market Report for August 2009.
County-wide statistics: Frederick County Real Estate Market Report for September 2009
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Pictures of Frederick