Is Davidsonville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Davidsonville was a Buyer's Market.
Key Takeaway
Davidsonville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Davidsonville, MD
How much do homes in Davidsonville, MD cost?
Median Sold Price
$910,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Davidsonville have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Davidsonville was $910,000 in November 2023, up 10.6% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $970K | $449.9K | -53.6% |
| 3 Bedrooms | $612.5K | $600K | -2.0% |
| 4 Bedrooms | $822.5K | $905K | +10.0% |
| 5+ Bedrooms | $950K | $1.0M | +10.5% |
Summary: Davidsonville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Bowie | $440K | $490K | +11.4% |
| Davidsonville | $822.5K | $910K | +10.6% |
Housing Supply in Davidsonville, MD
How many homes are available in Davidsonville, MD?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The Davidsonville real estate market had 43 homes for sale in November 2023, a 7.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Davidsonville housing inventory by bedroom type for November 2023 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 12.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davidsonville, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Davidsonville in November 2023, up by 40.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 57% were sold at asking, and 43% were sold over asking.
Days on Market for Davidsonville, MD
How long does it take to sell a home in Davidsonville, MD?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 43 Days | 34 Days | -20.6% |
Summary: Homes in Davidsonville had an average of 34 days on market in Nov 2023, down by 20.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Davidsonville are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 7 homes were sold in Davidsonville; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
