Is Meadowbrook, 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, Meadowbrook has remained a Seller's Market.
Key Takeaway
Meadowbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meadowbrook, MD
How much do homes in Meadowbrook, MD cost?
Median Sold Price
$475,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Meadowbrook have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Meadowbrook was $475,000 in April 2024, up 2.6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $459.9K | $462.3K | 0.5% |
| 4 Bedrooms | $485K | $483K | -0.4% |
| 5+ Bedrooms | $460K | $425K | -7.6% |
Summary: Meadowbrook 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 0.5%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Whitehall | $450K | $490K | +8.9% |
| Meadowbrook | $463K | $475K | +2.6% |
Housing Supply in Meadowbrook, MD
How many homes are available in Meadowbrook, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The Meadowbrook real estate market had 4 homes for sale in April 2024, a 42.9% 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 | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Meadowbrook 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 remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meadowbrook, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Meadowbrook in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Meadowbrook, MD
How long does it take to sell a home in Meadowbrook, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 4 Days | -44.8% |
Summary: Homes in Meadowbrook had an average of 4 days on market in Apr 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
3 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 Meadowbrook are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Meadowbrook; 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.
