Is Centreville, 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, Centreville was a Neutral Market.
Housing Prices in Centreville, MD
How much do homes in Centreville, MD cost?
Median Sold Price
$477,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Centreville was $477,500 in March 2024, up 12.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $2.3M | +1050.0% |
2 Bedrooms | $435K | $305K | -29.9% |
3 Bedrooms | $343.5K | $413.7K | +20.5% |
4 Bedrooms | $455K | $508.5K | +11.8% |
5+ Bedrooms | $477.7K | $542.5K | +13.5% |
Summary: Centreville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1050%, 2 bedroom homes decreased by 29.9%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in Centreville, MD
How many homes are available in Centreville, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 56 | 0.0% |
Summary: The Centreville real estate market had 56 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 36 | 34 | -5.6% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Centreville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Centreville in March 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Centreville, MD
How long does it take to sell a home in Centreville, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 44 Days | +22.8% |
Summary: Homes in Centreville had an average of 44 days on market in Mar 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Centreville; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.