Is Nottingham, 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, Nottingham has remained a Seller's Market.
Key Takeaway
Nottingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nottingham, MD
How much do homes in Nottingham, MD cost?
Median Sold Price
$305,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nottingham have sold for 5% more than they did a year ago.
Summary: The median home sold price in Nottingham was $305,000 in May 2024, up 5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164K | $180K | +9.8% |
| 2 Bedrooms | $227.5K | $220K | -3.3% |
| 3 Bedrooms | $289.5K | $310K | +7.1% |
| 4 Bedrooms | $390K | $407K | +4.4% |
| 5+ Bedrooms | $395K | $460K | +16.5% |
Summary: Nottingham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Parkville | $272K | $300K | +10.3% |
| Glen Arm | $575K | $612.2K | +6.5% |
| Nottingham | $290.5K | $305K | +5.0% |
| Perry Hall | $379.9K | $386.5K | +1.7% |
| White Marsh | $533K | $520K | -2.4% |
Housing Supply in Nottingham, MD
How many homes are available in Nottingham, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 105 | +14.1% |
Summary: The Nottingham real estate market had 105 homes for sale in May 2024, a 14.1% 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 | 19 | 22 | +15.8% |
| 3 Bedrooms | 51 | 52 | +2.0% |
| 4 Bedrooms | 19 | 27 | +42.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Nottingham 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 15.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nottingham, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Nottingham in May 2024, up by 7.7% month-over-month. Of the 28 sold homes, 11% were sold under asking, 32% were sold at asking, and 57% were sold over asking.
Days on Market for Nottingham, MD
How long does it take to sell a home in Nottingham, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 11 Days | +54.3% |
Summary: Homes in Nottingham had an average of 11 days on market in May 2024, up by 54.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nottingham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Nottingham; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
