Is Indian Head, 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, Indian Head was a Neutral Market.
Housing Prices in Indian Head, MD
How much do homes in Indian Head, MD cost?
Median Sold Price
$345,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Indian Head was $345,000 in May 2024, up 1.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176.5K | $297.7K | +68.7% |
2 Bedrooms | $115K | $103K | -10.4% |
3 Bedrooms | $351.8K | $345K | -2.0% |
4 Bedrooms | $340K | $394K | +15.9% |
5+ Bedrooms | $485K | $532.3K | +9.8% |
Summary: Indian Head housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.7%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in Indian Head, MD
How many homes are available in Indian Head, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 47 | +2.2% |
Summary: The Indian Head real estate market had 47 homes for sale in May 2024, a 2.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 25 | 21 | -16.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Indian Head 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 decreased by 9.1%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Indian Head in May 2024, down by 30.8% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Indian Head, MD
How long does it take to sell a home in Indian Head, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 38 Days | +152.9% |
Summary: Homes in Indian Head had an average of 38 days on market in May 2024, up by 152.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Indian Head; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.