Summerfield, MD

Balanced market+45.5% YoY

Housing market overview · Updated weekly

$400,000median sale price

Homes sold

5

Last 12 weeks

Days on market

55

Average pace

Active listings

17

3.4 months supply

Sale-to-list

100.5%

Above asking

The Summerfield housing market is currently classified as a balanced market with a median sale price of $400,000. Prices have risen 45.5% compared to last year, with homes spending an average of 55 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Summerfield

There are currently 17 homes listed for sale in Summerfield, Maryland. The median listing price is $342K.

Active listings

17

Homes on market

Median list price

$342K

Avg. days on market

55

Days until sale

New this week

8

Newly listed

Price drops:23.5%of listings
Sale-to-list:100.5%

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Frequently asked questions

What is the average home price in Summerfield?

The median home sale price in Summerfield is $400,000, up 45.5% from last year.

How long do homes stay on market in Summerfield?

Homes typically spend 55 days on market before going under contract.

Is Summerfield a buyer's or seller's market?

With 3.4 months of supply, Summerfield is currently a balanced market.

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