Is Marlborough Village, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Marlborough Village was a Neutral Market.
Key Takeaway
Marlborough Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marlborough Village, MD
How much do homes in Marlborough Village, MD cost?
Median Sold Price
$320,000
$243/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Marlborough Village have sold for 9.9% less than they did a month ago.
Summary: The median home sold price in Marlborough Village was $320,000 in April 2024, down 9.9% from last month, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $258K | -16.8% |
| 3 Bedrooms | $375K | $377.2K | +0.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Marlborough Village housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Marlborough Village, MD
How many homes are available in Marlborough Village, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Marlborough Village real estate market had 22 homes for sale in April 2024, a 10.0% 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 | 11 | 14 | +27.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marlborough 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 27.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marlborough Village, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Marlborough Village in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Marlborough Village, MD
How long does it take to sell a home in Marlborough Village, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 52 Days | +315.8% |
Summary: Homes in Marlborough Village had an average of 52 days on market in Apr 2024, up by 315.8% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marlborough Village are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Marlborough Village; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
