Is Fort Washington, 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, Fort Washington has remained a Seller's Market.
Key Takeaway
Fort Washington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fort Washington, MD
How much do homes in Fort Washington, MD cost?
Median Sold Price
$490,950
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fort Washington have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Fort Washington was $490,950 in April 2024, up 4.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177K | $301.2K | +70.2% |
| 2 Bedrooms | $342K | $303K | -11.4% |
| 3 Bedrooms | $360K | $415K | +15.3% |
| 4 Bedrooms | $480K | $492K | +2.5% |
| 5+ Bedrooms | $540K | $558.2K | +3.4% |
Summary: Fort Washington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.2%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in Fort Washington, MD
How many homes are available in Fort Washington, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 81 | +37.3% |
Summary: The Fort Washington real estate market had 81 homes for sale in April 2024, a 37.3% 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 | 3 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 27 | 39 | +44.4% |
| 5+ Bedrooms | 21 | 28 | +33.3% |
Summary: The Fort Washington 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 37.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 21 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Washington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Fort Washington in April 2024, up by 133.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Fort Washington, MD
How long does it take to sell a home in Fort Washington, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 25 Days | -1.3% |
Summary: Homes in Fort Washington had an average of 25 days on market in Apr 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Washington are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Fort Washington; 81% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
