Is Hyattsville, 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, Hyattsville was a Seller's Market.
Key Takeaway
Hyattsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hyattsville, MD
How much do homes in Hyattsville, MD cost?
Median Sold Price
$390,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hyattsville have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Hyattsville was $390,000 in March 2024, up 2.3% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $103K | -35.6% |
| 2 Bedrooms | $208K | $211K | +1.4% |
| 3 Bedrooms | $386K | $371.5K | -3.8% |
| 4 Bedrooms | $420K | $430K | +2.4% |
| 5+ Bedrooms | $440.5K | $460K | +4.4% |
Summary: Hyattsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Hyattsville | $381.3K | $390K | +2.3% |
| Mount Rainier | $510.7K | $520K | +1.8% |
| Brentwood | $420K | $385.5K | -8.2% |
Housing Supply in Hyattsville, MD
How many homes are available in Hyattsville, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 354 | 364 | +2.8% |
Summary: The Hyattsville real estate market had 364 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 23 | 0.0% |
| 2 Bedrooms | 39 | 49 | +25.6% |
| 3 Bedrooms | 150 | 154 | +2.7% |
| 4 Bedrooms | 82 | 74 | -9.8% |
| 5+ Bedrooms | 60 | 64 | +6.7% |
Summary: The Hyattsville 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 25.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 53 | +10.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hyattsville, you could pay more than the asking price. 45.3% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Hyattsville in March 2024, up by 10.4% month-over-month. Of the 53 sold homes, 28% were sold under asking, 26% were sold at asking, and 45% were sold over asking.
Days on Market for Hyattsville, MD
How long does it take to sell a home in Hyattsville, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 26 Days | -45.1% |
Summary: Homes in Hyattsville had an average of 26 days on market in Mar 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hyattsville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 53 homes were sold in Hyattsville; 72% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
