Is New Southwest / Mount Clare, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New Southwest / Mount Clare has remained a Buyer's Market.
Key Takeaway
New Southwest / Mount Clare is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Southwest / Mount Clare, MD
How much do homes in New Southwest / Mount Clare, MD cost?
Median Sold Price
$51,150
$67/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Southwest / Mount Clare have sold for 12.3% less than they did a year ago.
Summary: The median home sold price in New Southwest / Mount Clare was $51,150 in March 2024, down 12.3% from last year, and the median price per square foot was $67.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $37.1K | $41.8K | +12.7% |
| 3 Bedrooms | $65K | $58.3K | -10.3% |
| 4 Bedrooms | $155K | $91K | -41.3% |
| 5+ Bedrooms | - | $55.1K | N/A |
Summary: New Southwest / Mount Clare housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 41.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Village / Pigtown | $184K | $185K | 0.5% |
| New Southwest / Mount Clare | $58.3K | $51.1K | -12.3% |
Housing Supply in New Southwest / Mount Clare, MD
How many homes are available in New Southwest / Mount Clare, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 71 | +1.4% |
Summary: The New Southwest / Mount Clare real estate market had 71 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 31 | -8.8% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Southwest / Mount Clare 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 decreased by 8.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Southwest / Mount Clare, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in New Southwest / Mount Clare in March 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for New Southwest / Mount Clare, MD
How long does it take to sell a home in New Southwest / Mount Clare, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 65 Days | +34.0% |
Summary: Homes in New Southwest / Mount Clare had an average of 65 days on market in Mar 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Southwest / Mount Clare are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in New Southwest / Mount Clare; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
