Is Greenbelt, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Greenbelt has remained a Seller's Market.
Key Takeaway
Greenbelt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenbelt, MD
How much do homes in Greenbelt, MD cost?
Median Sold Price
$230,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Greenbelt have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Greenbelt was $230,000 in November 2023, up 2.2% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $157.5K | +1.6% |
| 2 Bedrooms | $195K | $208.9K | +7.2% |
| 3 Bedrooms | $268.7K | $310K | +15.3% |
| 4 Bedrooms | $505K | $480K | -5.0% |
| 5+ Bedrooms | $650K | $616.5K | -5.2% |
Summary: Greenbelt housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| College Park | $415K | $430K | +3.6% |
| Greenbelt | $225K | $230K | +2.2% |
| Riverdale Park | $490K | $492.5K | 0.5% |
Housing Supply in Greenbelt, MD
How many homes are available in Greenbelt, MD?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 72 | 79 | +9.7% |
Summary: The Greenbelt real estate market had 79 homes for sale in November 2023, a 9.7% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 30 | 34 | +13.3% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Greenbelt housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenbelt, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Greenbelt in November 2023, down by 5.3% month-over-month. Of the 18 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 22 Days | 14 Days | -36.4% |
Summary: Homes in Greenbelt had an average of 14 days on market in Nov 2023, down by 36.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 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 November 2023, 18 homes were sold in Greenbelt; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
