Is New Carrollton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, New Carrollton was a Neutral Market.
Key Takeaway
New Carrollton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Carrollton, MD
How much do homes in New Carrollton, MD cost?
Median Sold Price
$340,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Carrollton have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in New Carrollton was $340,000 in March 2024, up 9.5% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104.8K | $117.5K | +12.1% |
| 2 Bedrooms | $135K | $145K | +7.4% |
| 3 Bedrooms | $311K | $370K | +19.0% |
| 4 Bedrooms | $395K | $420K | +6.3% |
| 5+ Bedrooms | $435K | $445K | +2.3% |
Summary: New Carrollton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| New Carrollton | $310.5K | $340K | +9.5% |
| Greenbelt | $223.5K | $240K | +7.4% |
Housing Supply in New Carrollton, MD
How many homes are available in New Carrollton, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The New Carrollton real estate market had 48 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The New Carrollton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Carrollton, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in New Carrollton in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 28 Days | -49.3% |
Summary: Homes in New Carrollton had an average of 28 days on market in Mar 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were 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 March 2024, 10 homes were sold in New Carrollton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
