Is Perrywood, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Perrywood has remained a Seller's Market.
Key Takeaway
Perrywood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Perrywood, MD
How much do homes in Perrywood, MD cost?
Median Sold Price
$525,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Perrywood have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Perrywood was $525,000 in April 2024, up 8.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $465K | $470K | +1.1% |
| 4 Bedrooms | $530K | $551K | +4.0% |
| 5+ Bedrooms | $700K | $680K | -2.9% |
Summary: Perrywood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Kettering | $358.9K | $394.5K | +9.9% |
| Perrywood | $485K | $525K | +8.2% |
| Brock Hall | $590K | $589.7K | 0% |
Housing Supply in Perrywood, MD
How many homes are available in Perrywood, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Perrywood real estate market had 9 homes for sale in April 2024, a 50.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Perrywood 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Perrywood, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Perrywood in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Perrywood, MD
How long does it take to sell a home in Perrywood, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 13 Days | -78.6% |
Summary: Homes in Perrywood had an average of 13 days on market in Apr 2024, down by 78.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Perrywood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Perrywood; 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.
