Is Millersville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Millersville has remained a Seller's Market.
Key Takeaway
Millersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Millersville, MD cost?
Median Sold Price
$500,250
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Millersville have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Millersville was $500,250 in August 2023, up 1.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $239K | N/A |
| 2 Bedrooms | $285K | $230K | -19.3% |
| 3 Bedrooms | $368.5K | $386K | +4.7% |
| 4 Bedrooms | $540K | $615K | +13.9% |
| 5+ Bedrooms | $795.2K | $785K | -1.3% |
Summary: Millersville housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply
How many homes are available in Millersville, MD?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 52 | 66 | +26.9% |
Summary: The Millersville real estate market had 66 homes for sale in August 2023, a 26.9% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Millersville housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 8 | 23 | +187.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millersville, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Millersville in August 2023, up by 187.5% month-over-month. Of the 23 sold homes, 13% were sold under asking, 30% were sold at asking, and 57% were sold over asking.
Days on Market
How long does it take to sell a home in Millersville, MD?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 25 Days | 8 Days | -64.6% |
Summary: Homes in Millersville had an average of 8 days on market in Aug 2023, down by 64.6% compared to last year.
Breakdown of Home Sale Times
22 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 Millersville are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 23 homes were sold in Millersville; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
