Is District Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, District Heights has remained a Seller's Market.
Housing Prices in District Heights, MD
How much do homes in District Heights, MD cost?
Median Sold Price
$330,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in District Heights was $330,000 in April 2024, up 3.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $97.1K | -2.8% |
2 Bedrooms | $165K | $198K | +20.0% |
3 Bedrooms | $310K | $324K | +4.5% |
4 Bedrooms | $370K | $375K | +1.4% |
5+ Bedrooms | $390K | $412.5K | +5.8% |
Summary: District Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in District Heights, MD
How many homes are available in District Heights, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 81 | +5.2% |
Summary: The District Heights real estate market had 81 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 2 | -60.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 35 | 35 | 0.0% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The District Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 17 | -43.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in District Heights in April 2024, down by 43.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for District Heights, MD
How long does it take to sell a home in District Heights, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 12 Days | -49.9% |
Summary: Homes in District Heights had an average of 12 days on market in Apr 2024, down by 49.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in District Heights; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.