Is Brandywine, 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, Brandywine has remained a Seller's Market.
Key Takeaway
Brandywine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brandywine, MD
How much do homes in Brandywine, MD cost?
Median Sold Price
$527,170
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brandywine have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Brandywine was $527,170 in April 2024, down 3.5% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | - | N/A |
| 2 Bedrooms | $292.5K | $290K | -0.9% |
| 3 Bedrooms | $434.1K | $444K | +2.3% |
| 4 Bedrooms | $585K | $611K | +4.4% |
| 5+ Bedrooms | $853K | $814.7K | -4.5% |
Summary: Brandywine 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 decreased by 0.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in Brandywine, MD
How many homes are available in Brandywine, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 46 | -14.8% |
Summary: The Brandywine real estate market had 46 homes for sale in April 2024, a 14.8% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 24 | 18 | -25.0% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Brandywine 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandywine, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Brandywine in April 2024, down by 50.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% were sold over asking.
Days on Market for Brandywine, MD
How long does it take to sell a home in Brandywine, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 8 Days | -55.8% |
Summary: Homes in Brandywine had an average of 8 days on market in Apr 2024, down by 55.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brandywine are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Brandywine; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
