Is Bryans Road, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bryans Road was a Seller's Market.
Key Takeaway
Bryans Road is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bryans Road, MD
How much do homes in Bryans Road, MD cost?
Median Sold Price
$408,695
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bryans Road have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Bryans Road was $408,695 in April 2024, up 7.6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $273K | +36.5% |
| 3 Bedrooms | $380K | $382.5K | +0.7% |
| 4 Bedrooms | $403K | $540K | +34.0% |
| 5+ Bedrooms | $501.4K | $587K | +17.1% |
Summary: Bryans Road 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 36.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 17.1%.
Housing Supply in Bryans Road, MD
How many homes are available in Bryans Road, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Bryans Road real estate market had 48 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Bryans Road 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 100%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bryans Road, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Bryans Road in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Bryans Road, MD
How long does it take to sell a home in Bryans Road, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 14 Days | -10.1% |
Summary: Homes in Bryans Road had an average of 14 days on market in Apr 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
7 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 Bryans Road are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Bryans Road; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
