Is Mitchellville, 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, Mitchellville has remained a Seller's Market.
Housing Prices in Mitchellville, MD
How much do homes in Mitchellville, MD cost?
Median Sold Price
$520,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mitchellville was $520,000 in April 2024, up 23.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $310K | +3.3% |
3 Bedrooms | $365K | $353K | -3.3% |
4 Bedrooms | $495K | $571.2K | +15.4% |
5+ Bedrooms | $618.5K | $625K | +1.1% |
Summary: Mitchellville 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 increased by 3.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Mitchellville, MD
How many homes are available in Mitchellville, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Summary: The Mitchellville real estate market had 19 homes for sale in April 2024, a 20.8% 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 | 1 | +100.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Mitchellville 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Mitchellville in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Mitchellville, MD
How long does it take to sell a home in Mitchellville, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 26 Days | -22.0% |
Summary: Homes in Mitchellville had an average of 26 days on market in Apr 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Mitchellville; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.