Is Lusby, 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, Lusby has remained a Seller's Market.
Key Takeaway
Lusby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lusby, MD
How much do homes in Lusby, MD cost?
Median Sold Price
$369,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lusby have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Lusby was $369,000 in April 2024, up 8.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | - | N/A |
| 3 Bedrooms | $292.4K | $360K | +23.1% |
| 4 Bedrooms | $346K | $434K | +25.4% |
| 5+ Bedrooms | $505K | - | N/A |
Summary: Lusby 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 did not change, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Drum Point | $362.5K | $395K | +9.0% |
| Lusby | $340K | $369K | +8.5% |
| Chesapeake Ranch Estates | $325K | $329.5K | +1.4% |
Housing Supply in Lusby, MD
How many homes are available in Lusby, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The Lusby real estate market had 3 homes for sale in April 2024, a 40.0% decrease compared to 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 | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lusby 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 decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 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
Key Takeaway
If you're buying a home in Lusby, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Lusby in April 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 Lusby, MD
How long does it take to sell a home in Lusby, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 55 Days | +450.0% |
Summary: Homes in Lusby had an average of 55 days on market in Apr 2024, up by 450% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lusby has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Lusby; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
