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Allegany County, MD — Real Estate Market Update | May 2025

 Presented by Katelyn Mayer, PA & MD REALTOR® | Iron Valley Real Estate

Market Overview

  • Market Type: Balanced with some Seller’s Market conditions

  • Months of Inventory: 2.97 months (down 14.4% from last month, +21.7% year-over-year) — moderate inventory favors neither buyers nor sellers strongly

  • Median Sold Price: $157,000 (up 3.7% month-over-month)

  • Sold to List Price Ratio: 98.1% (homes are selling close to list price)

  • Median Days on Market: 43 days (up 48.3%) — homes are taking longer to sell

Listings & Sales

  • Active Listings: 164 single-family homes

    • Median List Price: $160,000 (+4.5%)

    • Median Living Area: 1,765 sqft (+5.8%)

    • Median Price per Sqft: $104 (+3.7%)

  • New Listings: 83 homes

    • Median List Price: $169,000 (+6.3%)

    • Median Price per Sqft: $114 (+1.8%)

  • Pending Listings: 90 homes

    • Median List Price: $147,450 (+1.6%)

    • Median Days on Market: 61 days (up 56.4%)

  • New Pending Listings: 80 homes

    • Median List Price: $160,500 (+12.6%)

    • Median Price per Sqft: $115 (+7.5%)

  • Sold Listings: 65 homes

    • Median Sold Price: $157,000 (+3.7%)

    • Median Price per Sqft: $110 (+4.8%)

    • Median Days on Market: 43 days (up 48.3%)

Property Value Trends

  • Median Estimated Value (Single Family): $174,190 (virtually unchanged from last month, +8.2% year-over-year)

  • Median Living Area Size: About 1,664 sqft on average

  • Median Price per Sqft: Between $104 and $115 across various listing stages

Key Takeaways

  • The Allegany County market is showing stable home values with moderate inventory levels.

  • Homes are selling slightly below list price on average and are taking longer to sell compared to previous months.

  • The median sold price and property values are increasing modestly, reflecting steady demand.

If you’re thinking about buying or selling in Allegany County, Maryland, I’d be happy to guide you through the current market conditions. Reach out for a personalized consultation!

Katelyn Mayer
PA & MD REALTOR® | Iron Valley Real Estate of Central PA
📍 121 Towne Square Dr. Suite 203, Hershey, PA 17033
📧 katelynm359@gmail.com | 📱 717-446-1640 | ☎️ 717-563-0008
🌐 kmayer.ironvalleyrealestate.com

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