Is Seat Pleasant, 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, Seat Pleasant has remained a Seller's Market.
Housing Prices in Seat Pleasant, MD
How much do homes in Seat Pleasant, MD cost?
Median Sold Price
$330,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seat Pleasant was $330,000 in May 2024, up 6.5% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $292.5K | $260K | -11.1% |
3 Bedrooms | $291K | $330K | +13.4% |
4 Bedrooms | $327.5K | $349.5K | +6.7% |
5+ Bedrooms | $415K | $437.5K | +5.4% |
Summary: Seat Pleasant 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 11.1%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Seat Pleasant, MD
How many homes are available in Seat Pleasant, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Summary: The Seat Pleasant real estate market had 17 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Seat Pleasant 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 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Seat Pleasant in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Seat Pleasant, MD
How long does it take to sell a home in Seat Pleasant, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 31 Days | +70.4% |
Summary: Homes in Seat Pleasant had an average of 31 days on market in May 2024, up by 70.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Seat Pleasant; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.