Is Gambrills, 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, Gambrills has remained a Seller's Market.
Key Takeaway
Gambrills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gambrills, MD
How much do homes in Gambrills, MD cost?
Median Sold Price
$675,300
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gambrills have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Gambrills was $675,300 in April 2024, up 0.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $540K | $759.9K | +40.7% |
| 4 Bedrooms | $702.3K | $670K | -4.6% |
| 5+ Bedrooms | $679.2K | $675K | -0.6% |
Summary: Gambrills 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 did not change, 3 bedroom homes increased by 40.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in Gambrills, MD
How many homes are available in Gambrills, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Summary: The Gambrills real estate market had 5 homes for sale in April 2024, a 400.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Gambrills 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 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gambrills, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Gambrills in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Gambrills, MD
How long does it take to sell a home in Gambrills, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 6 Days | -90.2% |
Summary: Homes in Gambrills had an average of 6 days on market in Apr 2024, down by 90.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gambrills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Gambrills; 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.
