Is Millersville, 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, Millersville has remained a Seller's Market.
Key Takeaway
Millersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millersville, MD
How much do homes in Millersville, MD cost?
Median Sold Price
$590,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Millersville have sold for 22% more than they did a year ago.
Summary: The median home sold price in Millersville was $590,000 in May 2024, up 22% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | - | N/A |
| 2 Bedrooms | $230K | $261K | +13.5% |
| 3 Bedrooms | $377.5K | $415K | +9.9% |
| 4 Bedrooms | $617.5K | $610K | -1.2% |
| 5+ Bedrooms | $785K | $960K | +22.3% |
Summary: Millersville 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 13.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 22.3%.
Housing Supply in Millersville, MD
How many homes are available in Millersville, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 52 | +13.0% |
Summary: The Millersville real estate market had 52 homes for sale in May 2024, a 13.0% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Millersville 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 increased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millersville, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Millersville in May 2024, down by 27.8% month-over-month. Of the 13 sold homes, 0% were sold under asking, 23% were sold at asking, and 77% were sold over asking.
Days on Market for Millersville, MD
How long does it take to sell a home in Millersville, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 8 Days | -7.1% |
Summary: Homes in Millersville had an average of 8 days on market in May 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millersville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Millersville; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
