Is Capitol Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Capitol Heights has remained a Seller's Market.
Key Takeaway
Capitol Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Capitol Heights, MD
How much do homes in Capitol Heights, MD cost?
Median Sold Price
$335,833
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Capitol Heights have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Capitol Heights was $335,833 in June 2024, up 1.8% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $230K | $235.5K | +2.4% |
| 3 Bedrooms | $317.5K | $325K | +2.4% |
| 4 Bedrooms | $350K | $360K | +2.9% |
| 5+ Bedrooms | $379K | $415K | +9.5% |
Summary: Capitol Heights housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Capitol Heights | $330K | $335.8K | +1.8% |
| Washington | $665.2K | $667.4K | 0.3% |
Housing Supply in Capitol Heights, MD
How many homes are available in Capitol Heights, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 134 | 137 | +2.2% |
Summary: The Capitol Heights real estate market had 137 homes for sale in June 2024, a 2.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 53 | 58 | +9.4% |
| 4 Bedrooms | 37 | 40 | +8.1% |
| 5+ Bedrooms | 30 | 29 | -3.3% |
Summary: The Capitol Heights housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol Heights, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Capitol Heights in June 2024, down by 23.7% month-over-month. Of the 29 sold homes, 28% were sold under asking, 28% were sold at asking, and 45% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 25 Days | 24 Days | -2.2% |
Summary: Homes in Capitol Heights had an average of 24 days on market in Jun 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Capitol Heights are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 29 homes were sold in Capitol Heights; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
