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.
Key Takeaway
Capitol Heights 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 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
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 $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
Key Takeaway
If you're buying a home in Capitol Heights, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Capitol Heights are selling fast, if you're buying plan to act quickly.
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.
