Is Nottingham, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Nottingham has remained a Seller's Market.
Housing Prices in Nottingham, MD
How much do homes in Nottingham, MD cost?
Median Sold Price
$313,333
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Nottingham was $313,333 in June 2024, up 8.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164K | $177.5K | +8.2% |
2 Bedrooms | $225K | $220K | -2.2% |
3 Bedrooms | $289K | $320K | +10.7% |
4 Bedrooms | $390K | $409.9K | +5.1% |
5+ Bedrooms | $395K | $475K | +20.3% |
Summary: Nottingham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
Glen Arm | $560K | $628K | +12.1% |
Parkville | $275K | $300K | +9.1% |
Nottingham | $289.5K | $313.3K | +8.2% |
Perry Hall | $391K | $382K | -2.3% |
White Marsh | $535K | $498.7K | -6.8% |
Housing Supply in Nottingham, MD
How many homes are available in Nottingham, MD?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
99 | 115 | +16.2% |
Summary: The Nottingham real estate market had 115 homes for sale in June 2024, a 16.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 23 | 21 | -8.7% |
3 Bedrooms | 49 | 58 | +18.4% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Nottingham housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
38 | 32 | -15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Nottingham in June 2024, down by 15.8% month-over-month. Of the 32 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Nottingham, MD
How long does it take to sell a home in Nottingham, MD?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 9 Days | -37.0% |
Summary: Homes in Nottingham had an average of 9 days on market in Jun 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 32 homes were sold in Nottingham; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.