Is Glenarden, 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, Glenarden was a Seller's Market.
Key Takeaway
Glenarden is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Glenarden, MD
How much do homes in Glenarden, MD cost?
Median Sold Price
$403,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Glenarden have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in Glenarden was $403,000 in May 2024, down 10.4% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $297K | +10.0% |
| 3 Bedrooms | $330K | $371.5K | +12.6% |
| 4 Bedrooms | $463K | $470K | +1.5% |
| 5+ Bedrooms | $699K | $474.5K | -32.1% |
Summary: Glenarden 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 10%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 32.1%.
Housing Supply in Glenarden, MD
How many homes are available in Glenarden, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 22 | +83.3% |
Summary: The Glenarden real estate market had 22 homes for sale in May 2024, a 83.3% 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 | 4 | 11 | +175.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Glenarden 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 increased by 175%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glenarden, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Glenarden in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Glenarden, MD
How long does it take to sell a home in Glenarden, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 32 Days | -15.2% |
Summary: Homes in Glenarden had an average of 32 days on market in May 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glenarden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Glenarden; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
