Is Carrollton Ridge, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Carrollton Ridge has remained a Buyer's Market.
Key Takeaway
Carrollton Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Carrollton Ridge, MD
How much do homes in Carrollton Ridge, MD cost?
Median Sold Price
$37,620
$55/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Carrollton Ridge have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Carrollton Ridge was $37,620 in April 2024, down 6.3% from last year, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $39K | $25.6K | -34.3% |
| 3 Bedrooms | $40.1K | $39K | -2.7% |
| 4 Bedrooms | $100K | $129K | +29.0% |
| 5+ Bedrooms | $39K | $201K | +415.4% |
Summary: Carrollton Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 415.4%.
Median Sold Price Compared To Nearby Neighborhoods
| New Southwest / Mount Clare | $51.5K | $53K | +3.1% |
| Carrollton Ridge | $40.1K | $37.6K | -6.3% |
Housing Supply in Carrollton Ridge, MD
How many homes are available in Carrollton Ridge, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 64 | +14.3% |
Summary: The Carrollton Ridge real estate market had 64 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Carrollton Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 14.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carrollton Ridge, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Carrollton Ridge in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Carrollton Ridge, MD
How long does it take to sell a home in Carrollton Ridge, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 69 Days | -36.4% |
Summary: Homes in Carrollton Ridge had an average of 69 days on market in Apr 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carrollton Ridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Carrollton Ridge; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
