Is Central, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Central has remained a Buyer's Market.
Housing Prices in Central, MD
How much do homes in Central, MD cost?
Median Sold Price
$282,285
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Central was $282,285 in March 2024, up 5.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $171.5K | +7.2% |
2 Bedrooms | $258.9K | $275K | +6.2% |
3 Bedrooms | $291K | $310K | +6.5% |
4 Bedrooms | $300K | $328K | +9.3% |
5+ Bedrooms | $540K | $378.7K | -29.9% |
Summary: Central housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 29.9%.
Housing Supply in Central, MD
How many homes are available in Central, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
386 | 413 | +7.0% |
Summary: The Central real estate market had 413 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 43 | 44 | +2.3% |
2 Bedrooms | 136 | 156 | +14.7% |
3 Bedrooms | 85 | 85 | 0.0% |
4 Bedrooms | 65 | 68 | +4.6% |
5+ Bedrooms | 57 | 60 | +5.3% |
Summary: The Central housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 14.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Central in March 2024, the same as the previous month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Central, MD
How long does it take to sell a home in Central, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 54 Days | -23.1% |
Summary: Homes in Central had an average of 54 days on market in Mar 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Central; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.