How much do homes in Sandy Spring, MD cost?

Median List Price

$574,500

Based on all homes listed in May 2021.

Difference Since Last Month

-$310,400(-35.1%)

Key Takeaway

The list price of homes in Sandy Spring has decreased by 35.1% since April.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSApr 2021May 2021%
1 --N/A
2 $600K$445K-25.8%
3 $429K$449.4K+4.8%
4 $912K$775K-15.0%
5+ $983.7K$998.5K+1.5%

Median List Price Compared To Nearby Cities

Ashton
+8.6%
Sandy Spring
-35.1%

How many homes are available in Sandy Spring, MD?

Number of Homes For Sale

Apr 2021May 2021%
1210-16.7%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 000.0%
2 12+100.0%
3 34+33.3%
4 21-50.0%
5+ 63-50.0%

Asking Price vs. Sold Price

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Average Listing Age

Apr 2021May 2021%
82 Days76 Days-7.7%

Breakdown of Home Sale Times

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About Sandy Spring, MD

Sandy Spring, MD has 10 homes on the market.

Listings spent 76 days on the market in May 2021, and had a median list price of $574,500 during the same period.

Between May 2020 and May 2021, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 25.8%, the cost of 3 bedrooms properties went up by 4.8%, prices of 4 bedrooms properties decreased by 15%, 5 bedrooms properties prices increased by 1.5%.

Between April 2021 and May 2021, Sandy Spring, MD real estate market has seen decrease in the number of listings by 16.7%.

Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 100%, number of 3 bedrooms homes increased by 33.3%, the quantity of 4 bedrooms homes went down by 50%, number of 5 bedrooms homes decreased by 50%.

In May 2021, from all listings sold in Sandy Spring, MD there were more than 2 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.