Is Accokeek, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Accokeek was a Seller's Market.
Key Takeaway
Accokeek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Accokeek, MD
How much do homes in Accokeek, MD cost?
Median Sold Price
$505,488
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Accokeek have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Accokeek was $505,488 in March 2024, up 3.2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $875K | N/A |
| 2 Bedrooms | $271.5K | $284.9K | +5.0% |
| 3 Bedrooms | $397.4K | $450.1K | +13.2% |
| 4 Bedrooms | $557.5K | $529K | -5.1% |
| 5+ Bedrooms | $611K | $641K | +4.9% |
Summary: Accokeek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in Accokeek, MD
How many homes are available in Accokeek, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 118 | -1.7% |
Summary: The Accokeek real estate market had 118 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 57 | 61 | +7.0% |
| 5+ Bedrooms | 28 | 24 | -14.3% |
Summary: The Accokeek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Accokeek, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Accokeek in March 2024, down by 22.2% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Accokeek, MD
How long does it take to sell a home in Accokeek, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 39 Days | -6.1% |
Summary: Homes in Accokeek had an average of 39 days on market in Mar 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Accokeek are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Accokeek; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
