Is Largo, 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, Largo has remained a Seller's Market.
Key Takeaway
Largo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Largo, MD
How much do homes in Largo, MD cost?
Median Sold Price
$345,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Largo have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Largo was $345,000 in April 2024, down 2.8% 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 | $121K | $135K | +11.6% |
| 2 Bedrooms | $191.5K | $182K | -5.0% |
| 3 Bedrooms | $315K | $393.5K | +24.9% |
| 4 Bedrooms | $435K | $437.5K | +0.6% |
| 5+ Bedrooms | $540K | $510K | -5.6% |
Summary: Largo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 24.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Largo, MD
How many homes are available in Largo, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Largo real estate market had 27 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Largo 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 16.7%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Largo, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Largo in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Largo, MD
How long does it take to sell a home in Largo, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -24.3% |
Summary: Homes in Largo had an average of 17 days on market in Apr 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Largo are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Largo; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
