Is Maryland City, 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, Maryland City has remained a Seller's Market.
Key Takeaway
Maryland City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maryland City, MD
How much do homes in Maryland City, MD cost?
Median Sold Price
$475,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Maryland City have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Maryland City was $475,000 in April 2024, up 13.5% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $315K | $307.5K | -2.4% |
| 3 Bedrooms | $437.5K | $477.5K | +9.1% |
| 4 Bedrooms | $420K | $540K | +28.6% |
| 5+ Bedrooms | $595K | $470K | -21.0% |
Summary: Maryland City 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 decreased by 2.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Neighborhoods
| Maryland City | $418.5K | $475K | +13.5% |
| Fort Meade | $460K | $505K | +9.8% |
| Russett | $400.5K | $430K | +7.4% |
| South Laurel | $445K | $460K | +3.4% |
Housing Supply in Maryland City, MD
How many homes are available in Maryland City, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 54 | +17.4% |
Summary: The Maryland City real estate market had 54 homes for sale in April 2024, a 17.4% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Maryland City 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 increased by 25%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maryland City, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Maryland City in April 2024, the same as the previous month. Of the 11 sold homes, 0% were sold under asking, 18% were sold at asking, and 82% were sold over asking.
Days on Market for Maryland City, MD
How long does it take to sell a home in Maryland City, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 7 Days | -8.3% |
Summary: Homes in Maryland City had an average of 7 days on market in Apr 2024, down by 8.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maryland City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Maryland City; 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.
