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 seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Capitol Heights, MD cost?

Median Sold Price

$320,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$20,000(+6.7%)

Key Takeaway

Homes in Capitol Heights have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $235.4K$249.5K
+6.0%
3 $295K$315K
+6.8%
4 $305K$350K
+14.8%
5+ $314.5K$395K
+25.6%

Median Sold Price Compared To Nearby Cities

Capitol Heights
+6.7%
Washington
+1.6%

How many homes are available in Capitol Heights, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
2022+10.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 01
+100.0%
3 1111
0.0%
4 55
0.0%
5+ 45
+25.0%

Number of Homes Sold

Aug 2022Sep 2022%
47+75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 57.1% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
57 Days29 Days-47.8%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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.

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

About Capitol Heights, MD

There are 22 homes are for sale in Capitol Heights, MD real estate market. The number of listings in Capitol Heights, MD increased by 10% between August 2022 and September 2022. The median list price of listings available in September 2022 was $320,000, while the average time on the real estate market was 29 days. Listing prices have changed in this real estate market between August 2022 and September 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 6% more expensive, prices of 3 bedrooms properties increased by 6.8%, prices of 4 bedrooms properties increased by 14.8%, 5 bedrooms properties became 25.6% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 100%, number of 3 bedrooms homes remained the same, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory increased by 25%. Over 4 listings were sold over their listed price in September 2022 in Capitol Heights, MD. In the same period over 0 listings were sold below the listed price and 3 listings were sold for the listed price.

Related Housing Market Reports