Is Berwyn Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Berwyn Heights has remained a Seller's Market.
Key Takeaway
Berwyn Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berwyn Heights, MD
How much do homes in Berwyn Heights, MD cost?
Median Sold Price
$450,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Berwyn Heights have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Berwyn Heights was $450,000 in March 2024, up 6.2% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $310K | +8.8% |
| 3 Bedrooms | $439K | $431.5K | -1.7% |
| 4 Bedrooms | $427.5K | $449.9K | +5.3% |
| 5+ Bedrooms | $435K | $505K | +16.1% |
Summary: Berwyn Heights 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 8.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Cities
| College Park | $416K | $447.4K | +7.6% |
| Greenbelt | $223.5K | $240K | +7.4% |
| Berwyn Heights | $423.7K | $450K | +6.2% |
Housing Supply in Berwyn Heights, MD
How many homes are available in Berwyn Heights, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Berwyn Heights real estate market had 23 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Berwyn Heights 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 increased by 16.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berwyn Heights, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Berwyn Heights in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Berwyn Heights, MD
How long does it take to sell a home in Berwyn Heights, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 25 Days | +117.4% |
Summary: Homes in Berwyn Heights had an average of 25 days on market in Mar 2024, up by 117.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Berwyn Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Berwyn Heights; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
