Is Princeton Square, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Princeton Square is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Princeton Square has remained a Seller's Market.

Key Takeaway

Princeton Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Princeton Square, MD

How much do homes in Princeton Square, MD cost?

Median Sold Price

$405,000

$337/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$60,000(+17.4%)

Key Takeaway

Homes in Princeton Square have sold for 17.4% more than they did a month ago.

Summary: The median home sold price in Princeton Square was $405,000 in March 2024, up 17.4% from last month, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $345K-
N/A
4 -$405K
N/A
5+ --
N/A

Summary: Princeton Square housing prices by bedroom type for March 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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Princeton Square
+17.4%
Kenilworth
-9.4%

Housing Supply in Princeton Square, MD

How many homes are available in Princeton Square, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
23+50.0%

Summary: The Princeton Square real estate market had 3 homes for sale in March 2024, a 50.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 11
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Princeton Square 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Princeton Square, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Princeton Square in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Princeton Square, MD

How long does it take to sell a home in Princeton Square, MD?

Average Sale Time

Feb 2024Mar 2024CHANGE
9 Days8 Days-11.1%

Summary: Homes in Princeton Square had an average of 8 days on market in Mar 2024, down by 11.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Princeton Square are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Princeton Square; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Princeton Square, MD

Nearby Markets to Princeton Square, MD