Is Bladensburg, 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, Bladensburg was a Neutral Market.
Key Takeaway
Bladensburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bladensburg, MD
How much do homes in Bladensburg, MD cost?
Median Sold Price
$265,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bladensburg have sold for 10.8% less than they did a year ago.
Summary: The median home sold price in Bladensburg was $265,000 in March 2024, down 10.8% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $105K | +61.5% |
| 2 Bedrooms | $152K | $125.5K | -17.4% |
| 3 Bedrooms | $273.9K | $320K | +16.8% |
| 4 Bedrooms | $317.5K | $390K | +22.8% |
| 5+ Bedrooms | $410K | $397.3K | -3.1% |
Summary: Bladensburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.5%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Cheverly | $460K | $485K | +5.4% |
| Hyattsville | $381.3K | $390K | +2.3% |
| Bladensburg | $297K | $265K | -10.8% |
Housing Supply in Bladensburg, MD
How many homes are available in Bladensburg, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Bladensburg real estate market had 21 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bladensburg 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 decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 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 Bladensburg, 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 Bladensburg in March 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 Bladensburg, MD
How long does it take to sell a home in Bladensburg, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 5 Days | -47.4% |
Summary: Homes in Bladensburg had an average of 5 days on market in Mar 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bladensburg are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Bladensburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
