Is Glenarden, 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, Glenarden has remained a Seller's Market.
Key Takeaway
Glenarden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glenarden, MD
How much do homes in Glenarden, MD cost?
Median Sold Price
$393,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Glenarden have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Glenarden was $393,000 in March 2024, down 8.6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $270K | N/A |
| 3 Bedrooms | $329.7K | $360K | +9.2% |
| 4 Bedrooms | $455.4K | $445.2K | -2.2% |
| 5+ Bedrooms | $720K | $627.2K | -12.9% |
Summary: Glenarden housing prices by bedroom type for March 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 9.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 12.9%.
Housing Supply in Glenarden, MD
How many homes are available in Glenarden, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Summary: The Glenarden real estate market had 27 homes for sale in March 2024, a 3.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Glenarden housing inventory by bedroom type for March 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 5.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glenarden, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Glenarden in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Glenarden, MD
How long does it take to sell a home in Glenarden, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 59 Days | +3.1% |
Summary: Homes in Glenarden had an average of 59 days on market in Mar 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Glenarden are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Glenarden; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
