Is Leisure World, 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, Leisure World has remained a Seller's Market.
Key Takeaway
Leisure World is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leisure World, MD
How much do homes in Leisure World, MD cost?
Median Sold Price
$234,583
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Leisure World have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Leisure World was $234,583 in April 2024, down 2.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $131K | -6.4% |
| 2 Bedrooms | $235.5K | $229.3K | -2.6% |
| 3 Bedrooms | $360K | $399.9K | +11.1% |
| 4 Bedrooms | $790K | $457.5K | -42.1% |
| 5+ Bedrooms | $420K | - | N/A |
Summary: Leisure World housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Olney | $610.5K | $650K | +6.5% |
| Aspen Hill | $520K | $550K | +5.8% |
| Leisure World | $240.3K | $234.5K | -2.4% |
Housing Supply in Leisure World, MD
How many homes are available in Leisure World, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 105 | 88 | -16.2% |
Summary: The Leisure World real estate market had 88 homes for sale in April 2024, a 16.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 12 | -45.5% |
| 2 Bedrooms | 58 | 51 | -12.1% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leisure World housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 45.5%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 19 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leisure World, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Leisure World in April 2024, down by 50.0% month-over-month. Of the 19 sold homes, 37% were sold under asking, 42% were sold at asking, and 21% were sold over asking.
Days on Market for Leisure World, MD
How long does it take to sell a home in Leisure World, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 32 Days | +24.1% |
Summary: Homes in Leisure World had an average of 32 days on market in Apr 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
14 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 Leisure World are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Leisure World; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
