Is La Plata, 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, La Plata has remained a Seller's Market.
Key Takeaway
La Plata is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Plata, MD
How much do homes in La Plata, MD cost?
Median Sold Price
$465,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in La Plata have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in La Plata was $465,000 in April 2024, up 10.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $309.9K | $317K | +2.3% |
| 3 Bedrooms | $384.4K | $400K | +4.0% |
| 4 Bedrooms | $502.5K | $510.9K | +1.7% |
| 5+ Bedrooms | $580K | $594.9K | +2.6% |
Summary: La Plata 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 increased by 2.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| La Plata | $422.4K | $465K | +10.1% |
| White Plains | $470K | $473K | +0.6% |
| Port Tobacco | $555K | $479.6K | -13.6% |
Housing Supply in La Plata, MD
How many homes are available in La Plata, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 97 | 111 | +14.4% |
Summary: The La Plata real estate market had 111 homes for sale in April 2024, a 14.4% increase 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 | 10 | 12 | +20.0% |
| 3 Bedrooms | 32 | 39 | +21.9% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The La Plata 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 increased by 20%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Plata, expect to pay close to the asking price. 60.9% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in La Plata in April 2024, the same as the previous month. Of the 23 sold homes, 17% were sold under asking, 61% were sold at asking, and 22% were sold over asking.
Days on Market for La Plata, MD
How long does it take to sell a home in La Plata, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 27 Days | -13.8% |
Summary: Homes in La Plata had an average of 27 days on market in Apr 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Plata are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in La Plata; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
