Historic District Neighborhood Market Report
Frederick Neighborhood Report: Historic District
The Historic District is a 50-square block neighborhood in downtown Frederick that offers a unique environment of beautiful architecture, mixed commercial and residential living and a growing arts district. The downtown area has become a location destination for foodies, shoppers and small businesses. Historic homes in the area are a draw for those who love the charm of the architecture.
The Historic District, Frederick Md, Area Information:
Historic District Boundaries:
The city of Frederick established the Historic District in 1952, with just a few blocks of downtown Frederick. The Historic District was added to the National Register of Historic Places in 1973, with a boundary increase in 1986.The most recent boundaries were drawn in 1995. Although not a perfectly drawn square, the boundaries are roughly following:
• East: East Street
• West: N. Bentz Street
• North: 7th Street
• South: Clark Place and South Street
Here is my custom Google Map with outlines of the Frederick City Historic District, and the National Registry Historic District
View Development in Historic Downtown Frederick in a larger map
The Historic District is in the center of the city, close to all major routes and adjacent to Baker Park and Frederick Memorial Hospital, as well as Hood College. Carroll Creek Linear Park runs west to east through the center of the district, from Baker Park to E. Patrick Street.
Historic District, Frederick Md Real Estate Information:
Homes in the district range from mid-1800′s to the mid-1900′s. The renovations and gentrification has been spreading from the center of the district out. Prices can range from the mid- 100,000′s for small homes that need renovation, to just under 1 million for larger renovated homes. There are areas of new construction, including townhouses on 5th street and condominium developments like Maxwell Place and Creekside Plaza. The types of homes can be Victorian, Colonial, Federal, and Craftsman typically.
Real Estate Market Information:
Active Homes for sale in Historic District:
• Number of homes for sale: 19 Active Listings, 5 single-family, 13 Row Houses/townhouses/duplex/semi-detached, and 1 garage park. [A garage is not a given in the historic district, and often brings as much as $10,000 in value to a home.]
One entire condo complex is on the market for $2.3 mil. written up separately below, so it doesn’t skew the statistics.
129 Market Street, Frederick Md 21701
• Average Asking Price: single-family: $430,400; towns/attached: $389,300;
• Median Asking Price: single-family: $395,000; towns/attached: $379,900;
Sold Homes in Historic District since April 1, 2014:
• Number of homes sold: 3 single-family; 9 townhouse/attached;
• Average Sold Price: single-family: $447,200 ; attached: $406,156
• Average Asking Price: single-family: $449,500; attached: $410,944
• Average SP/LP ratio (what % of asking price did homes sell for): detached: 99%; attached: 99%
• Average DOM: single-family: 5 days; attached: 20 days
Conclusion: The Historic District is still having a shortage of inventory, sales are slower than last year, but prices are showing signs of improvement.
• Historic District Real Estate Report
For more information on the Historic District or the Baker Park/Hood College real estate market, please contact Chris Highland at Turning Point Real Estate: 301-401-5119 or email: firstname.lastname@example.org
*** For Sale $2,300,000: 129 Market Street, Frederick Md 21701
Six Condo flats and towns, combined 13 bedrooms, 14 full, 8 half baths. All renovated with beautiful upgrades: granite counters, cherry cabinets, hardwood floors, stainless-steel appliances. See All the Details.