Is Seat Pleasant, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seat Pleasant is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Seat Pleasant was a Seller's Market.

Key Takeaway

Seat Pleasant is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Seat Pleasant, MD cost?

Median Sold Price

$316,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$21,000(+7.1%)

Key Takeaway

Homes in Seat Pleasant have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $227K$236K
+4.0%
3 $275K$302.5K
+10.0%
4 $304K$342.5K
+12.7%
5+ $360K$371K
+3.1%

Median Sold Price Compared To Nearby Cities

Seat Pleasant
+7.1%
Washington
+1.6%

How many homes are available in Seat Pleasant, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
2830+7.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 44
0.0%
3 1213
+8.3%
4 55
0.0%
5+ 78
+14.3%

Number of Homes Sold

Aug 2022Sep 2022%
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seat Pleasant, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days5 Days-69.1%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seat Pleasant are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Seat Pleasant, MD

Number of homes for sale in Seat Pleasant, MD real estate market have reached 30. In September 2022 in Seat Pleasant, MD there were 7.1% more homes for sale than in August 2022. The median list price of listings available in September 2022 was $316,000, while the average time on the real estate market was 5 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 4%, 3 bedrooms properties became 10% more expensive, 4 bedrooms properties prices increased by 12.7%, prices of 5 bedrooms properties increased by 3.1%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory increased by 8.3%, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes increased by 14.3%. In September 2022, from all listings sold in Seat Pleasant, MD there were more than 2 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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