Is Sandtown / Winchester, 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, Sandtown / Winchester has remained a Seller's Market.
Key Takeaway
Sandtown / Winchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sandtown / Winchester, MD
How much do homes in Sandtown / Winchester, MD cost?
Median Sold Price
$69,100
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sandtown / Winchester have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Sandtown / Winchester was $69,100 in April 2024, up 15.2% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40.7K | - | N/A |
| 2 Bedrooms | $38.3K | $57.9K | +51.0% |
| 3 Bedrooms | $47.7K | $80K | +67.5% |
| 4 Bedrooms | $163K | $94K | -42.3% |
| 5+ Bedrooms | $100K | $65K | -35.0% |
Summary: Sandtown / Winchester 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 increased by 51%, 3 bedroom homes increased by 67.5%, 4 bedroom homes decreased by 42.3%, and 5+ bedroom homes decreased by 35%.
Median Sold Price Compared To Nearby Neighborhoods
| Sandtown / Winchester | $60K | $69.1K | +15.2% |
| West | $110K | $85K | -22.7% |
Housing Supply in Sandtown / Winchester, MD
How many homes are available in Sandtown / Winchester, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 48 | +2.1% |
Summary: The Sandtown / Winchester real estate market had 48 homes for sale in April 2024, a 2.1% 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 | 10 | 11 | +10.0% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Sandtown / Winchester 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 10%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sandtown / Winchester, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Sandtown / Winchester in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Sandtown / Winchester, MD
How long does it take to sell a home in Sandtown / Winchester, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 47 Days | -44.2% |
Summary: Homes in Sandtown / Winchester had an average of 47 days on market in Apr 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sandtown / Winchester has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Sandtown / Winchester; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
