Is Beech Tree North Village, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Beech Tree North Village was a Neutral Market.
Key Takeaway
Beech Tree North Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beech Tree North Village, MD
How much do homes in Beech Tree North Village, MD cost?
Median Sold Price
$722,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Beech Tree North Village have sold for 30.2% more than they did a year ago.
Summary: The median home sold price in Beech Tree North Village was $722,500 in April 2024, up 30.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $550K | $559K | +1.6% |
| 4 Bedrooms | $660K | $725K | +9.8% |
| 5+ Bedrooms | $880K | $775K | -11.9% |
Summary: Beech Tree North Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Beech Tree North Village | $555K | $722.5K | +30.2% |
| Brock Hall | $590K | $589.7K | 0% |
Housing Supply in Beech Tree North Village, MD
How many homes are available in Beech Tree North Village, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The Beech Tree North Village real estate market had 4 homes for sale in April 2024, a 42.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Beech Tree North Village housing inventory by bedroom type for April 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 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Beech Tree North Village, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Beech Tree North Village in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Beech Tree North Village, MD
How long does it take to sell a home in Beech Tree North Village, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 107 Days | +214.7% |
Summary: Homes in Beech Tree North Village had an average of 107 days on market in Apr 2024, up by 214.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Beech Tree North Village are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in Beech Tree North Village; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
