Is New Carrollton, 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, New Carrollton has remained a Seller's Market.
Housing Prices in New Carrollton, MD
How much do homes in New Carrollton, MD cost?
Median Sold Price
$327,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Carrollton was $327,500 in May 2024, down 3.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103K | $122.5K | +18.9% |
2 Bedrooms | $140K | $150K | +7.1% |
3 Bedrooms | $372.5K | $370K | -0.7% |
4 Bedrooms | $393.5K | $422.5K | +7.4% |
5+ Bedrooms | $432.5K | $460K | +6.4% |
Summary: New Carrollton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Greenbelt | $226K | $244.7K | +8.3% |
New Carrollton | $340K | $327.5K | -3.7% |
Housing Supply in New Carrollton, MD
How many homes are available in New Carrollton, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Summary: The New Carrollton real estate market had 24 homes for sale in May 2024, a 4.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The New Carrollton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in New Carrollton in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for New Carrollton, MD
How long does it take to sell a home in New Carrollton, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 38 Days | +141.1% |
Summary: Homes in New Carrollton had an average of 38 days on market in May 2024, up by 141.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in New Carrollton; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.