Is Kingsville, 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, Kingsville was a Buyer's Market.
Key Takeaway
Kingsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kingsville, MD
How much do homes in Kingsville, MD cost?
Median Sold Price
$547,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Kingsville has remained the same since last year.
Summary: The median home sold price in Kingsville was $547,500 in May 2024, down 0.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $246.4K | N/A |
| 2 Bedrooms | $300K | $420K | +40.0% |
| 3 Bedrooms | $408K | $395K | -3.2% |
| 4 Bedrooms | $620K | $556.2K | -10.3% |
| 5+ Bedrooms | $755K | $655.5K | -13.2% |
Summary: Kingsville 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 increased by 40%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Joppa | $317.5K | $326K | +2.7% |
| Perry Hall | $379.9K | $386.5K | +1.7% |
| Kingsville | $550K | $547.5K | -0.5% |
| White Marsh | $533K | $520K | -2.4% |
Housing Supply in Kingsville, MD
How many homes are available in Kingsville, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Kingsville real estate market had 19 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Kingsville 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 50%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kingsville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Kingsville in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Kingsville, MD
How long does it take to sell a home in Kingsville, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 24 Days | +508.3% |
Summary: Homes in Kingsville had an average of 24 days on market in May 2024, up by 508.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Kingsville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
