Is Lothian, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lothian was a Neutral Market.
Housing Prices in Lothian, MD
How much do homes in Lothian, MD cost?
Median Sold Price
$648,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lothian was $648,500 in March 2024, up 0.4% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $440.1K | +114.7% |
3 Bedrooms | $485K | $380.9K | -21.5% |
4 Bedrooms | $861.4K | $675K | -21.6% |
5+ Bedrooms | $825K | $794.5K | -3.7% |
Summary: Lothian housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 114.7%, 3 bedroom homes decreased by 21.5%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
Lothian | $646K | $648.5K | 0.4% |
West River | $649.9K | $650K | 0.0% |
Housing Supply in Lothian, MD
How many homes are available in Lothian, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Summary: The Lothian real estate market had 17 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | 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 | 7 | 8 | +14.3% |
Summary: The Lothian housing inventory by bedroom type for March 2024 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 increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Lothian in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 24 Days | +105.7% |
Summary: Homes in Lothian had an average of 24 days on market in Mar 2024, up by 105.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 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.