Is Capitol Heights, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Capitol Heights is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Capitol Heights was a Seller's Market.

Key Takeaway

Capitol Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Capitol Heights, MD

How much do homes in Capitol Heights, MD cost?

Median Sold Price

$330,000

$237/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since February 2023.

Key Takeaway

The sold price of homes in Capitol Heights has remained the same since last year.

Summary: The median home sold price in Capitol Heights was $330,000 in February 2024, the same as last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $260K-
N/A
2 $245K$230K
-6.1%
3 $310K$320.5K
+3.4%
4 $355K$350K
-1.4%
5+ $389.5K$397.5K
+2.1%

Summary: Capitol Heights housing prices by bedroom type for February 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 3.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Cities

Washington
0.1%
Capitol Heights
0.0%

Housing Supply in Capitol Heights, MD

How many homes are available in Capitol Heights, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
215224+4.2%

Summary: The Capitol Heights real estate market had 224 homes for sale in February 2024, a 4.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 1921
+10.5%
3 8289
+8.5%
4 7070
0.0%
5+ 4141
0.0%

Summary: The Capitol Heights housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
26260.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Capitol Heights, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Capitol Heights in February 2024, the same as the previous month. Of the 26 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% 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

Feb 2023Feb 2024CHANGE
43 Days36 Days-17.0%

Summary: Homes in Capitol Heights had an average of 36 days on market in Feb 2024, down by 17% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Capitol Heights are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 26 homes were sold in Capitol Heights; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Capitol Heights, MD

Nearby Markets to Capitol Heights, MD

What housing markets are near Capitol Heights, MD?