Is Kettering, 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, Kettering was a Seller's Market.
Key Takeaway
Kettering is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kettering, MD
How much do homes in Kettering, MD cost?
Median Sold Price
$394,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kettering have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Kettering was $394,500 in March 2024, up 11.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $237K | N/A |
| 2 Bedrooms | $299K | $317.9K | +6.3% |
| 3 Bedrooms | $335K | $357K | +6.6% |
| 4 Bedrooms | $472.5K | $467K | -1.2% |
| 5+ Bedrooms | $770K | $576K | -25.2% |
Summary: Kettering housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 25.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Kettering | $355K | $394.5K | +11.1% |
| Perrywood | $540K | $512K | -5.2% |
Housing Supply in Kettering, MD
How many homes are available in Kettering, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 86 | +8.9% |
Summary: The Kettering real estate market had 86 homes for sale in March 2024, a 8.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Kettering 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 12.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kettering, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Kettering in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Kettering, MD
How long does it take to sell a home in Kettering, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 25 Days | +187.9% |
Summary: Homes in Kettering had an average of 25 days on market in Mar 2024, up by 187.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kettering are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Kettering; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
