Is Redland, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Redland has remained a Seller's Market.
Housing Prices in Redland, MD
How much do homes in Redland, MD cost?
Median Sold Price
$600,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Redland was $600,000 in March 2024, up 5.3% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $680K | - | N/A |
2 Bedrooms | $251.5K | $290K | +15.3% |
3 Bedrooms | $415K | $465K | +12.0% |
4 Bedrooms | $600K | $640.5K | +6.8% |
5+ Bedrooms | $672.5K | $675K | 0.4% |
Summary: Redland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in Redland, MD
How many homes are available in Redland, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Summary: The Redland real estate market had 49 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Redland 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Redland in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Redland, MD
How long does it take to sell a home in Redland, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 19 Days | -5.1% |
Summary: Homes in Redland had an average of 19 days on market in Mar 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Redland; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.