January 2010 Real Estate Market Report for Frederick City, MD
January 2010 Real Estate Market Report for Frederick City, by zip code:
| 21701 | 2010 | 2009 | % Change |
| Avg. Price | $246,100 | $247,100 | -.4% |
| Median Price | $254,000 | $187,000 | +36% |
| DaysOnMarket | 145 | 184 | -22% |
| # homes sold | 30 | 19 | +58% |
| New Listings: | 67 |
| Total Marked Contract: | 35 |
| Total Marked Contingent: | 22 |
| Total Pending (contract + contingent) | 57 |
There are 246 active listings in the zip code, which represents roughly a 5-6 month inventory. 73% of homes sold were under $300,000. This zip code saw an increase in average (6%) and median (15%) prices over last month.
| 21702 | 2010 | 2009 | % Change |
| Avg. Price | $203,385 | $221,000 | -8% |
| Median Price | $194,000 | $203,000 | -4% |
| DOM | 67 | 153 | -56% |
| # homes sold | 30 | 30 | 0% |
| New Listings: | 365 |
| Total Marked Contract: | 31 |
| Total Marked Contingent: | 26 |
| Total Pending (contract + contingent) | 57 |
There are currently 215 active listings in the zip code, representing roughly a 5 month inventory. 93% of homes sold were under $300,000, first-time buyer range. Half of the homes sold in under 30 days. 23% were cash deals.
| 21703 | 2010 | 2009 | % Change |
| Avg. Price | $176,100 | $215,864 | -18% |
| Median Price | $162,500 | $190,000 | -14% |
| DOM | 85 | 136 | -38% |
| # homes sold | 30 | 22 | +36% |
| New Listings: | 51 |
| Total Marked Contract: | 28 |
| Total Marked Contingent: | 24 |
| Total Pending (contract + contingent) | 52 |
The 21703 zip code shows 237 active listings, representing roughly a 5 month inventory. 93% of the dales were under $300,000.
Overall, we’re seeing that inventory is shrinking month after month, sales are still up. We're seeing mulitple offers on homes in the lower price ranges (under 200K). With the extention and expansion of the first-time home-buyers tax credit, we expect a robust market through June.
*All Statistics gathered from MRIS, Metropolitan Regional Information System. Though deemed accurate, not guaranteed.
Compare to Frederick City Real Estate Market Report for December 2009.
County-wide statistics: Frederick County Real Estate Market Report for January 2010
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