Is Bladensburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Bladensburg was a Seller's 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
$297,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bladensburg have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Bladensburg was $297,000 in June 2024, up 9.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $115K | +76.9% |
| 2 Bedrooms | $102K | $132.5K | +29.9% |
| 3 Bedrooms | $272.5K | $322.5K | +18.3% |
| 4 Bedrooms | $281K | $390K | +38.8% |
| 5+ Bedrooms | $420K | $397.3K | -5.4% |
Summary: Bladensburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.9%, 2 bedroom homes increased by 29.9%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Bladensburg | $272K | $297K | +9.2% |
| Cheverly | $469.8K | $497.5K | +5.9% |
| Hyattsville | $390K | $389.1K | -0.2% |
Housing Supply in Bladensburg, MD
How many homes are available in Bladensburg, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Summary: The Bladensburg real estate market had 11 homes for sale in June 2024, a 83.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Bladensburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 June 2024, down by 50.0% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 7 Days | 6 Days | -20.0% |
Summary: Homes in Bladensburg had an average of 6 days on market in Jun 2024, down by 20% 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 June 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.
