Is Roland Park, 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, Roland Park has remained a Seller's Market.
Key Takeaway
Roland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roland Park, MD
How much do homes in Roland Park, MD cost?
Median Sold Price
$725,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Roland Park have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Roland Park was $725,000 in April 2024, up 5.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.5K | $105K | -24.2% |
| 2 Bedrooms | $190.5K | $191K | 0.2% |
| 3 Bedrooms | $410K | $405K | -1.2% |
| 4 Bedrooms | $490K | $701.2K | +43.1% |
| 5+ Bedrooms | $840K | $938.7K | +11.8% |
Summary: Roland Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 43.1%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Neighborhoods
| North | $256.3K | $273.3K | +6.6% |
| Roland Park | $686K | $725K | +5.7% |
Housing Supply in Roland Park, MD
How many homes are available in Roland Park, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Summary: The Roland Park real estate market had 11 homes for sale in April 2024, a 175.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Roland Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Roland Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Roland Park in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Roland Park, MD
How long does it take to sell a home in Roland Park, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 8 Days | -64.3% |
Summary: Homes in Roland Park had an average of 8 days on market in Apr 2024, down by 64.3% 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 Roland Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Roland Park; 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.
