Is College Park, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing College Park is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, College Park has remained a Seller's Market.

Key Takeaway

College Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in College Park, MD cost?

Median Sold Price

$425,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$16,000(+3.9%)

Key Takeaway

Homes in College Park have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $159K$215K
+35.2%
2 $287K$275.9K
-3.9%
3 $367.8K$401K
+9.0%
4 $430K$443K
+3.0%
5+ $435K$492.5K
+13.2%

Median Sold Price Compared To Nearby Cities

Riverdale Park
+11.7%
Greenbelt
+9.3%
Berwyn Heights
+6.7%
University Park
+6.7%
College Park
+3.9%

How many homes are available in College Park, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
6260-3.2%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 33
0.0%
2 31
-66.7%
3 1819
+5.6%
4 1922
+15.8%
5+ 1915
-21.1%

Number of Homes Sold

Aug 2022Sep 2022%
1716-5.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Park, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
8 Days14 Days+71.3%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in College Park 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 College Park, MD

There are 60 homes are for sale in College Park, MD real estate market. The number of listings in College Park, MD decreased by 3.2% between August 2022 and September 2022. While the average time on the market in September 2022 was 14 days, the median list price was $425,000. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 35.2%, the cost of 2 bedrooms properties went down by 3.9%, prices of 3 bedrooms properties went up by 9%, the cost of 4 bedrooms properties went up by 3%, 5 bedrooms properties became 13.2% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 66.7%, volume of 3 bedrooms homes went up by 5.6%, volume of 4 bedrooms homes went up by 15.8%, 5 bedrooms homes became 21.1% less available. In September 2022, from all listings sold in College Park, MD there were more than 9 sold above asking price, over 4 sold below and more than 3 were sold right at the asked price.

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