Is Lothian, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Lothian has remained a Buyer's Market.
Housing Prices in Lothian, MD
How much do homes in Lothian, MD cost?
Median Sold Price
$650,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Lothian was $650,000 in November 2023, down 16.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $440.1K | N/A |
3 Bedrooms | $425K | $419.9K | -1.2% |
4 Bedrooms | $861.4K | $675K | -21.6% |
5+ Bedrooms | $825K | $807K | -2.2% |
Summary: Lothian housing prices by bedroom type for November 2023 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 1.2%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
West River | $691K | $649.9K | -5.9% |
Lothian | $775K | $650K | -16.1% |
Housing Supply in Lothian, MD
How many homes are available in Lothian, MD?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Summary: The Lothian real estate market had 17 homes for sale in November 2023, a 10.5% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Lothian housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lothian in November 2023, the same as the previous 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 2022 | Nov 2023 | CHANGE |
---|---|---|
39 Days | 35 Days | -9.0% |
Summary: Homes in Lothian had an average of 35 days on market in Nov 2023, down by 9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During November 2023, 2 homes were sold in Lothian; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.