Is Davidsonville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Davidsonville was a Buyer's Market.
Key Takeaway
Davidsonville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Davidsonville, MD
How much do homes in Davidsonville, MD cost?
Median Sold Price
$910,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Davidsonville have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Davidsonville was $910,000 in May 2024, down 1.1% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $440K | $449.9K | +2.3% |
| 3 Bedrooms | $582K | $630K | +8.2% |
| 4 Bedrooms | $900K | $905K | +0.6% |
| 5+ Bedrooms | $1.0M | $1.0M | +0.7% |
Summary: Davidsonville 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 increased by 2.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Bowie | $462.1K | $491.5K | +6.4% |
| Davidsonville | $920K | $910K | -1.1% |
Housing Supply in Davidsonville, MD
How many homes are available in Davidsonville, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 27 | +42.1% |
Summary: The Davidsonville real estate market had 27 homes for sale in May 2024, a 42.1% 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 | 1 | 1 | 0.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Davidsonville 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 27.3%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davidsonville, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Davidsonville in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Davidsonville, MD
How long does it take to sell a home in Davidsonville, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 76 Days | 41 Days | -46.3% |
Summary: Homes in Davidsonville had an average of 41 days on market in May 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Davidsonville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Davidsonville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
