Is Centreville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Centreville has remained a Seller's Market.
Key Takeaway
Centreville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Centreville, MD cost?
Median Sold Price
$455,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$50,000(+12.3%)
Key Takeaway
Homes in Centreville have sold for 12.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $390K | $442K | +13.3% |
| 3 Bedrooms | $357K | $345K | -3.4% |
| 4 Bedrooms | $435K | $481K | +10.6% |
| 5+ Bedrooms | $489K | $529K | +8.2% |
How many homes are available in Centreville, MD?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 48 | 45 | -6.3% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
How long does it take to sell a home in Centreville, MD?
How long does it take to sell a home in Centreville, MD?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 8 Days | 39 Days | +383.1% |
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centreville are selling fast, if you're buying plan to act quickly.
