Is Capitol Heights, 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, Capitol Heights was a Seller's Market.
Housing Prices in Capitol Heights, MD
How much do homes in Capitol Heights, MD cost?
Median Sold Price
$331,312
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Capitol Heights was $331,312 in March 2024, up 0.4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $245K | $230K | -6.1% |
3 Bedrooms | $315K | $325K | +3.2% |
4 Bedrooms | $355K | $350K | -1.4% |
5+ Bedrooms | $400K | $400K | 0.0% |
Summary: Capitol Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Capitol Heights | $330K | $331.3K | 0.4% |
Washington | $658.2K | $654.1K | -0.6% |
Housing Supply in Capitol Heights, MD
How many homes are available in Capitol Heights, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
231 | 227 | -1.7% |
Summary: The Capitol Heights real estate market had 227 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 91 | 88 | -3.3% |
4 Bedrooms | 73 | 67 | -8.2% |
5+ Bedrooms | 43 | 50 | +16.3% |
Summary: The Capitol Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 16.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Capitol Heights in March 2024, up by 6.3% month-over-month. Of the 34 sold homes, 6% were sold under asking, 35% were sold at asking, and 59% were sold over asking.
Days on Market for Capitol Heights, MD
How long does it take to sell a home in Capitol Heights, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 20 Days | -52.0% |
Summary: Homes in Capitol Heights had an average of 20 days on market in Mar 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Capitol Heights; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.