Is Indian Head, 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, Indian Head was a Buyer's Market.
Key Takeaway
Indian Head is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian Head, MD
How much do homes in Indian Head, MD cost?
Median Sold Price
$345,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Indian Head have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Indian Head was $345,000 in April 2024, up 2.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.5K | $297.7K | +68.7% |
| 2 Bedrooms | $89.9K | $103K | +14.6% |
| 3 Bedrooms | $349K | $350K | 0.3% |
| 4 Bedrooms | $340K | $392.4K | +15.4% |
| 5+ Bedrooms | $485K | $530.4K | +9.4% |
Summary: Indian Head housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in Indian Head, MD
How many homes are available in Indian Head, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 44 | -10.2% |
Summary: The Indian Head real estate market had 44 homes for sale in April 2024, a 10.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Indian Head 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 9.1%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Head, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Indian Head in April 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Indian Head, MD
How long does it take to sell a home in Indian Head, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 29 Days | +90.8% |
Summary: Homes in Indian Head had an average of 29 days on market in Apr 2024, up by 90.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian Head are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Indian Head; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
