Real Estate Market Report - Clinton, MD (Nov, 2023)
Current Market Condition
71
Active Listings
34
Pending Listings
$444,990
Median List Price
The median sale/list price for this dataset ranges from $375,000 to $465,000 with a gradual increase from November 2022 to October 2023. The highest median price is seen in July 2023 at $450,000 for the first set of data and in June 2023 at $446,990 for the second set.
Median Sale/List Price
The median sale price per square foot shows an upward trend, starting at $224.49 in November 2022 and reaching its peak in May 2023 at $244.511 before slightly decreasing to $238.431 in October 2023. The highest jump occurs from December 2022 to January 2023, where the median sale price per square foot increases by approximately $72.
Median Sale Price per Square Foot
The median sale price to list price ratio in November 2022 was slightly above the list price, but in December 2022 and several months following, the ratio was exactly at the list price. There was a slight increase in the ratio in July 2023, but it dropped down again in August and remained steady at the list price for the rest of the year.
Median Sale Price to List Price Ratio
The first set of data shows that the number of properties sold/listed increased steadily from November 2022 to June 2023, reaching a peak of 49 in June, before decreasing slightly in July, August, September, and October. The second set of data shows a more erratic pattern, with a decrease in November 2022 followed by a peak in April 2023, before decreasing again in July and September and increasing slightly in October.
Properties Sold/Listed
The data shows that the median days on market for homes fluctuated throughout the period, with the highest median days being 33 and the lowest being 7. The data indicates that the median days on market for homes decreased significantly from December 2022 to May 2023, and then increased slightly in the remaining months.
Median Days on Market
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