Is Crofton Park, 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 Park has remained a Seller's Market.
Housing Prices in Crofton Park, MD
How much do homes in Crofton Park, MD cost?
Median Sold Price
$578,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Crofton Park was $578,000 in April 2024, up 5.1% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $330K | $350K | +6.1% |
3 Bedrooms | $385K | $410K | +6.5% |
4 Bedrooms | $625K | $650K | +4.0% |
5+ Bedrooms | $705K | $750K | +6.4% |
Summary: Crofton Park 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 6.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
Crofton Park | $550K | $578K | +5.1% |
Crofton | $425K | $443.3K | +4.3% |
Housing Supply in Crofton Park, MD
How many homes are available in Crofton Park, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Summary: The Crofton Park real estate market had 28 homes for sale in April 2024, a 33.3% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 6 | 13 | +116.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Crofton Park 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 increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Crofton Park in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Crofton Park, MD
How long does it take to sell a home in Crofton Park, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 5 Days | +21.4% |
Summary: Homes in Crofton Park had an average of 5 days on market in Apr 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Crofton Park; 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.