Is Lothian, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lothian is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lothian has remained a Seller's Market.

Key Takeaway

Lothian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lothian, MD

How much do homes in Lothian, MD cost?

Median Sold Price

$742,500

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$92,500(+14.2%)

Key Takeaway

Homes in Lothian have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Lothian was $742,500 in November 2024, up 14.2% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $440.1K-
N/A
3 $419.9K$360K
-14.3%
4 $675K$905K
+34.1%
5+ $807K$821.6K
+1.8%

Summary: Lothian housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Cities

Harwood
+17.4%
Lothian
+14.2%
West River
+8.5%

Housing Supply in Lothian, MD

How many homes are available in Lothian, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1411-21.4%

Summary: The Lothian real estate market had 11 homes for sale in November 2024, a 21.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 12
+100.0%
4 54
-20.0%
5+ 63
-50.0%

Summary: The Lothian housing inventory by bedroom type for November 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 100%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lothian, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lothian in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Lothian, MD

How long does it take to sell a home in Lothian, MD?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days16 Days-54.9%

Summary: Homes in Lothian had an average of 16 days on market in Nov 2024, down by 54.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lothian are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Lothian; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Lothian, MD

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