Is Millersville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Millersville was a Seller's Market.
Key Takeaway
Millersville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Millersville, MD
How much do homes in Millersville, MD cost?
Median Sold Price
$567,500
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Millersville have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Millersville was $567,500 in March 2024, up 13.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | - | N/A |
| 2 Bedrooms | $230K | $247.4K | +7.6% |
| 3 Bedrooms | $382.5K | $412.5K | +7.8% |
| 4 Bedrooms | $615K | $615K | 0.0% |
| 5+ Bedrooms | $747.5K | $852.5K | +14.0% |
Summary: Millersville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14%.
Housing Supply in Millersville, MD
How many homes are available in Millersville, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 54 | +12.5% |
Summary: The Millersville real estate market had 54 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Millersville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millersville, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Millersville in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Millersville, MD
How long does it take to sell a home in Millersville, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +33.8% |
Summary: Homes in Millersville had an average of 25 days on market in Mar 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Millersville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Millersville; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
