Is Greensboro, 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, Greensboro has remained a Buyer's Market.
Housing Prices in Greensboro, MD
How much do homes in Greensboro, MD cost?
Median Sold Price
$280,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greensboro was $280,000 in May 2024, up 6.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $208K | $227K | +9.1% |
3 Bedrooms | $254K | $320K | +26.0% |
4 Bedrooms | $285K | $275K | -3.5% |
5+ Bedrooms | $409.5K | $295K | -28.0% |
Summary: Greensboro 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 9.1%, 3 bedroom homes increased by 26%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 28%.
Housing Supply in Greensboro, MD
How many homes are available in Greensboro, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Summary: The Greensboro real estate market had 18 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Greensboro 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 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Greensboro in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Greensboro, MD
How long does it take to sell a home in Greensboro, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
130 Days | 17 Days | -86.5% |
Summary: Homes in Greensboro had an average of 17 days on market in May 2024, down by 86.5% 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 Greensboro; 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.