Is Otterbein, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Otterbein has remained a Buyer's Market.
Housing Prices in Otterbein, MD
How much do homes in Otterbein, MD cost?
Median Sold Price
$313,150
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Otterbein was $313,150 in February 2024, up 4.4% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $241K | $215K | -10.8% |
2 Bedrooms | $282.4K | $280K | -0.9% |
3 Bedrooms | $484.5K | $517.5K | +6.8% |
4 Bedrooms | $840K | $549.9K | -34.5% |
5+ Bedrooms | - | - | N/A |
Summary: Otterbein housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 34.5%, and 5+ bedroom homes did not change.
Housing Supply in Otterbein, MD
How many homes are available in Otterbein, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Summary: The Otterbein real estate market had 22 homes for sale in February 2024, a 15.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Otterbein housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Otterbein in February 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Otterbein, MD
How long does it take to sell a home in Otterbein, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
166 Days | 8 Days | -95.0% |
Summary: Homes in Otterbein had an average of 8 days on market in Feb 2024, down by 95% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Otterbein; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.