$6,174 Closing Credit*
$519,900
1,642 SqFt
3 Beds
•2 Full Baths, 2 Partial
Brian Creamer, Listing Office: Renter's Warehouse DC
Is Glenarden, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$431,500
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$24,500(+6.0%)
Key Takeaway
Homes in Glenarden have sold for 6% more than they did a year ago.
Summary: The median home sold price in Glenarden was $431,500 in August 2024, up 6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $261K | $333K | +27.6% |
| 3 Bedrooms | $350K | $385.2K | +10.1% |
| 4 Bedrooms | $467.7K | $490K | +4.8% |
| 5+ Bedrooms | $720K | $590K | -18.1% |
Summary: Glenarden housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 18.1%.
Housing Supply in Glenarden, MD
How many homes are available in Glenarden, MD?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Summary: The Glenarden real estate market had 15 homes for sale in August 2024, a 25.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Glenarden housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glenarden, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Glenarden in August 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 17 Days | 12 Days | -26.7% |
Summary: Homes in Glenarden had an average of 12 days on market in Aug 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glenarden are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Glenarden; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
