Is New Carrollton, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Carrollton is a neutral'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

+$20,000(+6.3%)

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

# BEDSNov 2022Nov 2023CHANGE
1 $103K$115K
+11.7%
2 $135K$145K
+7.4%
3 $342.5K$372.5K
+8.8%
4 $418.5K$402.4K
-3.8%
5+ $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
+6.3%
Greenbelt
+2.2%

Housing Supply in New Carrollton, MD

How many homes are available in New Carrollton, MD?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
4043+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

# BEDSOct 2023Nov 2023CHANGE
1 1413
-7.1%
2 78
+14.3%
3 79
+28.6%
4 1011
+10.0%
5+ 22
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 2023Nov 2023CHANGE
57+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

Asking vs Sold - buyer

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 2022Nov 2023CHANGE
22 Days15 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in New Carrollton, MD

Nearby Markets to New Carrollton, MD

What housing markets are near New Carrollton, MD?