Is District Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, District Heights has remained a Seller's Market.
Key Takeaway
District Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in District Heights, MD
How much do homes in District Heights, MD cost?
Median Sold Price
$330,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in District Heights have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in District Heights was $330,000 in March 2024, up 3.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $97.1K | -5.2% |
| 2 Bedrooms | $165K | $198K | +20.0% |
| 3 Bedrooms | $308K | $322K | +4.5% |
| 4 Bedrooms | $376.5K | $370K | -1.7% |
| 5+ Bedrooms | $401K | $407K | +1.5% |
Summary: District Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in District Heights, MD
How many homes are available in District Heights, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 138 | 136 | -1.4% |
Summary: The District Heights real estate market had 136 homes for sale in March 2024, a 1.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 62 | 59 | -4.8% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The District Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in District Heights, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in District Heights in March 2024, down by 3.7% month-over-month. Of the 26 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for District Heights, MD
How long does it take to sell a home in District Heights, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +50.0% |
Summary: Homes in District Heights had an average of 30 days on market in Mar 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in District Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in District Heights; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
