Is Fairmount Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Fairmount Heights was a Buyer's Market.
Key Takeaway
Fairmount Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairmount Heights, MD
How much do homes in Fairmount Heights, MD cost?
Median Sold Price
$365,000
$276/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Fairmount Heights have sold for 11.5% more than they did a month ago.
Summary: The median home sold price in Fairmount Heights was $365,000 in April 2024, up 11.5% from last month, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $265K | N/A |
| 3 Bedrooms | - | $330K | N/A |
| 4 Bedrooms | $327.5K | $450K | +37.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairmount Heights housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 37.4%, and 5+ bedroom homes did not change.
Housing Supply in Fairmount Heights, MD
How many homes are available in Fairmount Heights, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Fairmount Heights real estate market had 14 homes for sale in April 2024, a 7.7% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Fairmount Heights 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 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairmount Heights, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Fairmount Heights in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Fairmount Heights, MD
How long does it take to sell a home in Fairmount Heights, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 Days | 38 Days | -52.2% |
Summary: Homes in Fairmount Heights had an average of 38 days on market in Apr 2024, down by 52.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairmount Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Fairmount Heights; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
