Is Midtown Belvedere, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Midtown Belvedere has remained a Seller's Market.
Key Takeaway
Midtown Belvedere is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midtown Belvedere, MD
How much do homes in Midtown Belvedere, MD cost?
Median Sold Price
$140,000
$187/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Midtown Belvedere have sold for 13.8% less than they did a month ago.
Summary: The median home sold price in Midtown Belvedere was $140,000 in April 2024, down 13.8% from last month, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $98.5K | -13.6% |
| 2 Bedrooms | $143.7K | $170K | +18.3% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $465K | - | N/A |
| 5+ Bedrooms | $477K | - | N/A |
Summary: Midtown Belvedere housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 18.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Mount Vernon | $184.4K | $205K | +11.2% |
| Johnston Square | $160K | $169.9K | +6.2% |
| Midtown Belvedere | $162.5K | $140K | -13.8% |
Housing Supply in Midtown Belvedere, MD
How many homes are available in Midtown Belvedere, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Midtown Belvedere real estate market had 20 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 11 | +57.1% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Midtown Belvedere housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown Belvedere, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Midtown Belvedere in April 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Midtown Belvedere, MD
How long does it take to sell a home in Midtown Belvedere, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 28 Days | -51.4% |
Summary: Homes in Midtown Belvedere had an average of 28 days on market in Apr 2024, down by 51.4% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midtown Belvedere are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Midtown Belvedere; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
