Is Kemp Mill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kemp Mill has remained a Seller's Market.
Housing Prices in Kemp Mill, MD
How much do homes in Kemp Mill, MD cost?
Median Sold Price
$575,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kemp Mill was $575,000 in April 2024, up 3.6% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156.5K | $160K | +2.2% |
2 Bedrooms | $167.3K | $219K | +30.8% |
3 Bedrooms | $525K | $567.5K | +8.1% |
4 Bedrooms | $585K | $594.5K | +1.6% |
5+ Bedrooms | $610K | $777K | +27.4% |
Summary: Kemp Mill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Neighborhoods
Four Corners | $580K | $660K | +13.8% |
Northwood / Four Corners | $550K | $585K | +6.4% |
Kemp Mill | $555K | $575K | +3.6% |
Housing Supply in Kemp Mill, MD
How many homes are available in Kemp Mill, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Summary: The Kemp Mill real estate market had 26 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Kemp Mill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Kemp Mill in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Kemp Mill, MD
How long does it take to sell a home in Kemp Mill, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 9 Days | +135.9% |
Summary: Homes in Kemp Mill had an average of 9 days on market in Apr 2024, up by 135.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Kemp Mill; 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.