Is Beltsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Beltsville has remained a Seller's Market.
Key Takeaway
Beltsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beltsville, MD
How much do homes in Beltsville, MD cost?
Median Sold Price
$340,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Beltsville have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Beltsville was $340,000 in April 2024, up 9.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $145K | +16.0% |
| 2 Bedrooms | $169.9K | $180K | +5.9% |
| 3 Bedrooms | $337.5K | $382.5K | +13.3% |
| 4 Bedrooms | $440K | $500K | +13.6% |
| 5+ Bedrooms | $480K | $536.5K | +11.8% |
Summary: Beltsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in Beltsville, MD
How many homes are available in Beltsville, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Summary: The Beltsville real estate market had 25 homes for sale in April 2024, a 13.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Beltsville 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 decreased by 40%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beltsville, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Beltsville in April 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Beltsville, MD
How long does it take to sell a home in Beltsville, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +48.0% |
Summary: Homes in Beltsville had an average of 26 days on market in Apr 2024, up by 48% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Beltsville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Beltsville; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
