Is Crofton, 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, Crofton has remained a Seller's Market.
Key Takeaway
Crofton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crofton, MD
How much do homes in Crofton, MD cost?
Median Sold Price
$443,333
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Crofton have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Crofton was $443,333 in April 2024, up 4.3% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $297.7K | $325K | +9.2% |
| 3 Bedrooms | $403.6K | $391.2K | -3.1% |
| 4 Bedrooms | $640K | $644K | +0.6% |
| 5+ Bedrooms | $730K | $779.2K | +6.7% |
Summary: Crofton 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 increased by 9.2%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in Crofton, MD
How many homes are available in Crofton, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 87 | +26.1% |
Summary: The Crofton real estate market had 87 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 30 | 34 | +13.3% |
| 4 Bedrooms | 17 | 28 | +64.7% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Crofton 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 remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 64.7%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 24 | -22.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crofton, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Crofton in April 2024, down by 22.6% month-over-month. Of the 24 sold homes, 8% were sold under asking, 17% were sold at asking, and 75% were sold over asking.
Days on Market for Crofton, MD
How long does it take to sell a home in Crofton, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 6 Days | -38.9% |
Summary: Homes in Crofton had an average of 6 days on market in Apr 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Crofton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Crofton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
