Is Mondawmin, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mondawmin was a Seller's Market.
Key Takeaway
Mondawmin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mondawmin, MD
How much do homes in Mondawmin, MD cost?
Median Sold Price
$72,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mondawmin have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Mondawmin was $72,000 in April 2024, up 5.9% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $39.6K | $40K | +1.0% |
| 3 Bedrooms | $65K | $70K | +7.7% |
| 4 Bedrooms | $219K | $90.9K | -58.5% |
| 5+ Bedrooms | $195K | $152.5K | -21.8% |
Summary: Mondawmin 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 1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 58.5%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Mondawmin | $68K | $72K | +5.9% |
| Parkview / Woodbrook | $83K | $65K | -21.7% |
Housing Supply in Mondawmin, MD
How many homes are available in Mondawmin, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 32 | +39.1% |
Summary: The Mondawmin real estate market had 32 homes for sale in April 2024, a 39.1% increase 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 | 2 | 6 | +200.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mondawmin 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 200%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 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 Mondawmin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mondawmin in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mondawmin, MD
How long does it take to sell a home in Mondawmin, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 35 Days | -67.8% |
Summary: Homes in Mondawmin had an average of 35 days on market in Apr 2024, down by 67.8% compared to last year.
Breakdown of Home Sale Times
2 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 Mondawmin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Mondawmin; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
