Is Fairmount Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fairmount Heights has remained a Seller's Market.
Housing Prices in Fairmount Heights, MD
How much do homes in Fairmount Heights, MD cost?
Median Sold Price
$373,500
$238/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Fairmount Heights was $373,500 in May 2024, up 9.2% from last month, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $265K | - | N/A |
3 Bedrooms | $330K | $333.5K | +1.1% |
4 Bedrooms | $400K | $365K | -8.8% |
5+ Bedrooms | - | $525K | N/A |
Summary: Fairmount Heights housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes did not change.
Housing Supply in Fairmount Heights, MD
How many homes are available in Fairmount Heights, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Summary: The Fairmount Heights real estate market had 11 homes for sale in May 2024, a 26.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairmount Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Fairmount Heights in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Fairmount Heights, MD
How long does it take to sell a home in Fairmount Heights, MD?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 Days | 70 Days | +86.8% |
Summary: Homes in Fairmount Heights had an average of 70 days on market in May 2024, up by 86.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Fairmount Heights; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.