Is Marlboro Village, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Marlboro Village was a Neutral Market.
Key Takeaway
Marlboro Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marlboro Village, MD
How much do homes in Marlboro Village, MD cost?
Median Sold Price
$340,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marlboro Village have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Marlboro Village was $340,000 in April 2024, up 4.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.4K | $185K | +23.0% |
| 2 Bedrooms | $282.5K | $290K | +2.7% |
| 3 Bedrooms | $355.5K | $375K | +5.5% |
| 4 Bedrooms | $429K | $572.5K | +33.4% |
| 5+ Bedrooms | $552.5K | $620K | +12.2% |
Summary: Marlboro Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 33.4%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in Marlboro Village, MD
How many homes are available in Marlboro Village, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The Marlboro Village real estate market had 43 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 16 | 20 | +25.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Marlboro Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marlboro Village, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Marlboro Village in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Marlboro Village, MD
How long does it take to sell a home in Marlboro Village, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 42 Days | +434.7% |
Summary: Homes in Marlboro Village had an average of 42 days on market in Apr 2024, up by 434.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marlboro Village are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Marlboro Village; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
