Is Lauraville, 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, Lauraville has remained a Seller's Market.
Key Takeaway
Lauraville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lauraville, MD
How much do homes in Lauraville, MD cost?
Median Sold Price
$290,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lauraville have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Lauraville was $290,000 in April 2024, up 5.8% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $238.7K | $155K | -35.1% |
| 3 Bedrooms | $236.5K | $248.5K | +5.1% |
| 4 Bedrooms | $295K | $295K | 0.0% |
| 5+ Bedrooms | $342.8K | $419K | +22.2% |
Summary: Lauraville 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 decreased by 35.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 22.2%.
Housing Supply in Lauraville, MD
How many homes are available in Lauraville, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Lauraville real estate market had 18 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Lauraville 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauraville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lauraville in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Lauraville, MD
How long does it take to sell a home in Lauraville, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 5 Days | -90.4% |
Summary: Homes in Lauraville had an average of 5 days on market in Apr 2024, down by 90.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lauraville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Lauraville; 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.
