Is Brooklyn Park, 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, Brooklyn Park has remained a Seller's Market.
Key Takeaway
Brooklyn Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklyn Park, MD
How much do homes in Brooklyn Park, MD cost?
Median Sold Price
$300,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brooklyn Park have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Brooklyn Park was $300,000 in April 2024, up 5.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $46K | N/A |
| 2 Bedrooms | $141.7K | $195.2K | +37.7% |
| 3 Bedrooms | $270.5K | $305K | +12.8% |
| 4 Bedrooms | $320K | $335K | +4.7% |
| 5+ Bedrooms | $332.5K | $335K | +0.8% |
Summary: Brooklyn Park 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 increased by 37.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in Brooklyn Park, MD
How many homes are available in Brooklyn Park, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 53 | -17.2% |
Summary: The Brooklyn Park real estate market had 53 homes for sale in April 2024, a 17.2% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 39 | 29 | -25.6% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Brooklyn Park 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 increased by 25%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 14 | -44.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklyn Park, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Brooklyn Park in April 2024, down by 44.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Brooklyn Park, MD
How long does it take to sell a home in Brooklyn Park, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | +1.2% |
Summary: Homes in Brooklyn Park had an average of 18 days on market in Apr 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brooklyn Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Brooklyn Park; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
