Is Hanlon / Longwood, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hanlon / Longwood was a Seller's Market.
Key Takeaway
Hanlon / Longwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hanlon / Longwood, MD
How much do homes in Hanlon / Longwood, MD cost?
Median Sold Price
$225,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hanlon / Longwood have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Hanlon / Longwood was $225,000 in April 2024, down 6.3% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $82.5K | N/A |
| 3 Bedrooms | $165K | $186.5K | +13.0% |
| 4 Bedrooms | $240K | $270K | +12.5% |
| 5+ Bedrooms | $380K | $210K | -44.7% |
Summary: Hanlon / Longwood housing prices by bedroom type for April 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 13%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 44.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Walbrook | $235K | $233K | -0.9% |
| Hanlon / Longwood | $240K | $225K | -6.3% |
| Forest Park | $234.1K | $199.7K | -14.7% |
Housing Supply in Hanlon / Longwood, MD
How many homes are available in Hanlon / Longwood, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Hanlon / Longwood real estate market had 10 homes for sale in April 2024, a 9.1% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hanlon / Longwood 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hanlon / Longwood, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Hanlon / Longwood in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hanlon / Longwood, MD
How long does it take to sell a home in Hanlon / Longwood, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 110 Days | 15 Days | -86.4% |
Summary: Homes in Hanlon / Longwood had an average of 15 days on market in Apr 2024, down by 86.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hanlon / Longwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Hanlon / Longwood; 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.
