Is Greenbelt, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Greenbelt was a Seller's Market.
Key Takeaway
Greenbelt is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Greenbelt, MD
How much do homes in Greenbelt, MD cost?
Median Sold Price
$240,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greenbelt have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Greenbelt was $240,000 in March 2024, up 7.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $150K | -4.8% |
| 2 Bedrooms | $196.1K | $213K | +8.6% |
| 3 Bedrooms | $307.5K | $339.5K | +10.4% |
| 4 Bedrooms | $500K | $491.2K | -1.8% |
| 5+ Bedrooms | $650K | $600K | -7.7% |
Summary: Greenbelt housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Riverdale Park | $465K | $555.5K | +19.5% |
| College Park | $416K | $447.4K | +7.6% |
| Greenbelt | $223.5K | $240K | +7.4% |
| Berwyn Heights | $423.7K | $450K | +6.2% |
Housing Supply in Greenbelt, MD
How many homes are available in Greenbelt, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 69 | +16.9% |
Summary: The Greenbelt real estate market had 69 homes for sale in March 2024, a 16.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 31 | 37 | +19.4% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Greenbelt 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 increased by 19.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenbelt, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Greenbelt in March 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Greenbelt, MD
How long does it take to sell a home in Greenbelt, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 30 Days | +5.1% |
Summary: Homes in Greenbelt had an average of 30 days on market in Mar 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenbelt are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Greenbelt; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
