Is Berwyn Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Berwyn Heights has remained a Seller's Market.
Housing Prices in Berwyn Heights, MD
How much do homes in Berwyn Heights, MD cost?
Median Sold Price
$451,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berwyn Heights was $451,500 in May 2024, up 7.5% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $285K | - | N/A |
3 Bedrooms | $429.5K | $437.5K | +1.9% |
4 Bedrooms | $432.5K | $452.8K | +4.7% |
5+ Bedrooms | $499.9K | $520K | +4.0% |
Summary: Berwyn Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
College Park | $410K | $451K | +10.0% |
Greenbelt | $226K | $244.7K | +8.3% |
Berwyn Heights | $420K | $451.5K | +7.5% |
Housing Supply in Berwyn Heights, MD
How many homes are available in Berwyn Heights, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Summary: The Berwyn Heights real estate market had 11 homes for sale in May 2024, a 57.1% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Berwyn 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Berwyn Heights in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Berwyn Heights, MD
How long does it take to sell a home in Berwyn Heights, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 3 Days | -73.1% |
Summary: Homes in Berwyn Heights had an average of 3 days on market in May 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Berwyn Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.