Is Glenmont, 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, Glenmont has remained a Seller's Market.
Key Takeaway
Glenmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glenmont, MD
How much do homes in Glenmont, MD cost?
Median Sold Price
$571,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glenmont have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Glenmont was $571,000 in April 2024, down 3.2% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $198K | +13.1% |
| 2 Bedrooms | $333.5K | $357.5K | +7.2% |
| 3 Bedrooms | $597.5K | $462.5K | -22.6% |
| 4 Bedrooms | $575K | $638.5K | +11.0% |
| 5+ Bedrooms | $615K | $723.9K | +17.7% |
Summary: Glenmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in Glenmont, MD
How many homes are available in Glenmont, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Glenmont real estate market had 27 homes for sale in April 2024, a 17.4% 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 | 0 | -100.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Glenmont 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 decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glenmont, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Glenmont in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Glenmont, MD
How long does it take to sell a home in Glenmont, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 4 Days | -61.0% |
Summary: Homes in Glenmont had an average of 4 days on market in Apr 2024, down by 61% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glenmont are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Glenmont; 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.
