Is District Heights, 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, District Heights was a Seller's Market.
Key Takeaway
District Heights 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 District Heights, MD
How much do homes in District Heights, MD cost?
Median Sold Price
$332,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in District Heights have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in District Heights was $332,000 in May 2024, up 5.4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $98.8K | -1.2% |
| 2 Bedrooms | $160K | $200K | +25.0% |
| 3 Bedrooms | $308K | $327.5K | +6.3% |
| 4 Bedrooms | $370K | $375K | +1.4% |
| 5+ Bedrooms | $387.5K | $420K | +8.4% |
Summary: District Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in District Heights, MD
How many homes are available in District Heights, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 99 | +20.7% |
Summary: The District Heights real estate market had 99 homes for sale in May 2024, a 20.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 12 | 7 | -41.7% |
| 3 Bedrooms | 35 | 52 | +48.6% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The District Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 48.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in District Heights, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in District Heights in May 2024, down by 15.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 38% were sold at asking, and 44% were sold over asking.
Days on Market for District Heights, MD
How long does it take to sell a home in District Heights, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +38.5% |
Summary: Homes in District Heights had an average of 30 days on market in May 2024, up by 38.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in District Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in District Heights; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
