Is Coral Hills, 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, Coral Hills has remained a Seller's Market.
Key Takeaway
Coral Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coral Hills, MD
How much do homes in Coral Hills, MD cost?
Median Sold Price
$330,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Coral Hills have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Coral Hills was $330,000 in April 2024, down 2.9% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $251K | $222.5K | -11.4% |
| 3 Bedrooms | $310K | $315K | +1.6% |
| 4 Bedrooms | $350K | $337.8K | -3.5% |
| 5+ Bedrooms | $356K | $377.5K | +6.0% |
Summary: Coral Hills 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 11.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 6%.
Housing Supply in Coral Hills, MD
How many homes are available in Coral Hills, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 44 | -10.2% |
Summary: The Coral Hills real estate market had 44 homes for sale in April 2024, a 10.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Coral Hills 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 decreased by 37.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coral Hills, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Coral Hills in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Coral Hills, MD
How long does it take to sell a home in Coral Hills, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 30 Days | +53.8% |
Summary: Homes in Coral Hills had an average of 30 days on market in Apr 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coral Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Coral Hills; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
