Is Penn North, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Penn North has remained a Buyer's Market.
Housing Prices in Penn North, MD
How much do homes in Penn North, MD cost?
Median Sold Price
$119,000
$108/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Penn North was $119,000 in April 2024, up 0.8% from last month, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $16K | - | N/A |
3 Bedrooms | - | $92.5K | N/A |
4 Bedrooms | $220K | $235K | +6.8% |
5+ Bedrooms | - | - | N/A |
Summary: Penn North housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes did not change.
Housing Supply in Penn North, MD
How many homes are available in Penn North, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Summary: The Penn North real estate market had 25 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Penn North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Penn North in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Penn North, MD
How long does it take to sell a home in Penn North, MD?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
184 Days | 77 Days | -58.1% |
Summary: Homes in Penn North had an average of 77 days on market in Apr 2024, down by 58.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Penn North; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.