Is Denton, 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, Denton was a Seller's Market.
Housing Prices in Denton, MD
How much do homes in Denton, MD cost?
Median Sold Price
$330,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Denton was $330,000 in May 2024, up 4.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $161.1K | $209K | +29.7% |
3 Bedrooms | $308K | $299.9K | -2.6% |
4 Bedrooms | $364.9K | $359.9K | -1.4% |
5+ Bedrooms | $353.5K | $424.9K | +20.2% |
Summary: Denton 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 29.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 20.2%.
Housing Supply in Denton, MD
How many homes are available in Denton, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 56 | +9.8% |
Summary: The Denton real estate market had 56 homes for sale in May 2024, a 9.8% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 30 | 30 | 0.0% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Denton 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 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Denton in May 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Denton, MD
How long does it take to sell a home in Denton, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
107 Days | 76 Days | -28.3% |
Summary: Homes in Denton had an average of 76 days on market in May 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Denton; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.