Is Sandy Spring, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Sandy Spring has remained a Buyer's Market.
Housing Prices in Sandy Spring, MD
How much do homes in Sandy Spring, MD cost?
Median Sold Price
$1,400,000
$282/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Sandy Spring was $1,400,000 in March 2024, up 40% from last month, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $1.0M | $1.4M | +40.0% |
Summary: Sandy Spring 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 increased by 40%.
Median Sold Price Compared To Nearby Cities
Sandy Spring | $1.0M | $1.4M | +40.0% |
Ashton | $1.0M | $770K | -26.7% |
Housing Supply in Sandy Spring, MD
How many homes are available in Sandy Spring, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Summary: The Sandy Spring real estate market had 12 homes for sale in March 2024, a 14.3% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Sandy Spring 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Sandy Spring 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 Sandy Spring, MD
How long does it take to sell a home in Sandy Spring, MD?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 Days | 7 Days | -93.6% |
Summary: Homes in Sandy Spring had an average of 7 days on market in Mar 2024, down by 93.6% 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
Summary: During March 2024, 1 homes were sold in Sandy Spring; 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.