$6,233 Closing Credit*
$524,900
1,290 SqFt
3 Beds
•1 Full Bath, 1 Partial
Sharon A McCraney, Listing Office: Long & Foster Real Estate, Inc.
Is Berwyn Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Berwyn Heights has remained a Seller's Market.
Key Takeaway
Berwyn Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berwyn Heights, MD
How much do homes in Berwyn Heights, MD cost?
Median Sold Price
$485,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,050(+9.2%)
Key Takeaway
Homes in Berwyn Heights have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Berwyn Heights was $485,000 in October 2024, up 9.2% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $297.5K | - | N/A |
| 3 Bedrooms | $443.9K | $435K | -2.0% |
| 4 Bedrooms | $449.9K | $450K | 0.0% |
| 5+ Bedrooms | $500K | $515K | +3.0% |
Summary: Berwyn Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Berwyn Heights | $443.9K | $485K | +9.2% |
| Greenbelt | $227K | $247K | +8.8% |
| College Park | $427.5K | $459K | +7.4% |
Housing Supply in Berwyn Heights, MD
How many homes are available in Berwyn Heights, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Berwyn Heights real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Berwyn Heights housing inventory by bedroom type for October 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Berwyn Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Berwyn Heights in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Berwyn Heights, MD
How long does it take to sell a home in Berwyn Heights, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 26 Days | -26.6% |
Summary: Homes in Berwyn Heights had an average of 26 days on market in Oct 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berwyn Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Berwyn Heights; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
