Is Nanjemoy, 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, Nanjemoy was a Seller's Market.
Key Takeaway
Nanjemoy is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nanjemoy, MD
How much do homes in Nanjemoy, MD cost?
Median Sold Price
$366,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nanjemoy have sold for 17.2% less than they did a year ago.
Summary: The median home sold price in Nanjemoy was $366,500 in May 2024, down 17.2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525K | $450K | -14.3% |
| 3 Bedrooms | $350K | $350K | 0.0% |
| 4 Bedrooms | $525K | $442.5K | -15.7% |
| 5+ Bedrooms | $795K | - | N/A |
Summary: Nanjemoy 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 decreased by 14.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| James Monroe | $400K | $428.5K | +7.1% |
| Aquia | $465K | $486.2K | +4.6% |
| James Madison | $440K | $449.9K | +2.3% |
| Nanjemoy | $442.4K | $366.5K | -17.2% |
Housing Supply in Nanjemoy, MD
How many homes are available in Nanjemoy, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Summary: The Nanjemoy real estate market had 14 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Nanjemoy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nanjemoy, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Nanjemoy in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Nanjemoy, MD
How long does it take to sell a home in Nanjemoy, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 7 Days | -74.5% |
Summary: Homes in Nanjemoy had an average of 7 days on market in May 2024, down by 74.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nanjemoy are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Nanjemoy; 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.
