Is New Carrollton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, New Carrollton has remained a Neutral Market.
Key Takeaway
New Carrollton 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 New Carrollton, MD
How much do homes in New Carrollton, MD cost?
Median Sold Price
$340,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in New Carrollton have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in New Carrollton was $340,000 in November 2023, up 6.3% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103K | $115K | +11.7% |
| 2 Bedrooms | $135K | $145K | +7.4% |
| 3 Bedrooms | $342.5K | $372.5K | +8.8% |
| 4 Bedrooms | $418.5K | $402.4K | -3.8% |
| 5+ Bedrooms | $415K | $435K | +4.8% |
Summary: New Carrollton housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| New Carrollton | $320K | $340K | +6.3% |
| Greenbelt | $225K | $230K | +2.2% |
Housing Supply in New Carrollton, MD
How many homes are available in New Carrollton, MD?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The New Carrollton real estate market had 43 homes for sale in November 2023, a 7.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Carrollton housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Carrollton, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in New Carrollton in November 2023, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for New Carrollton, MD
How long does it take to sell a home in New Carrollton, MD?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 22 Days | 15 Days | -29.1% |
Summary: Homes in New Carrollton had an average of 15 days on market in Nov 2023, down by 29.1% compared to last year.
Breakdown of Home Sale Times
6 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 New Carrollton are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 7 homes were sold in New Carrollton; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
