Is Landover, 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, Landover has remained a Seller's Market.
Key Takeaway
Landover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Landover, MD
How much do homes in Landover, MD cost?
Median Sold Price
$313,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Landover have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Landover was $313,000 in April 2024, up 8.1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $103.2K | N/A |
| 2 Bedrooms | $167.5K | $202K | +20.6% |
| 3 Bedrooms | $282K | $314.5K | +11.5% |
| 4 Bedrooms | $325K | $395K | +21.5% |
| 5+ Bedrooms | $422K | $419.9K | -0.5% |
Summary: Landover 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 20.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Landover | $289.4K | $313K | +8.1% |
| Kentland | $300K | $310K | +3.3% |
Housing Supply in Landover, MD
How many homes are available in Landover, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 56 | +3.7% |
Summary: The Landover real estate market had 56 homes for sale in April 2024, a 3.7% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 9 | 4 | -55.6% |
Summary: The Landover 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 42.9%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 125%, and 5+ bedroom homes decreased by 55.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Landover, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Landover in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Landover, MD
How long does it take to sell a home in Landover, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 29 Days | +62.0% |
Summary: Homes in Landover had an average of 29 days on market in Apr 2024, up by 62% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Landover are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Landover; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
