Is Seat Pleasant, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Seat Pleasant has remained a Seller's Market.
Key Takeaway
Seat Pleasant is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seat Pleasant, MD
How much do homes in Seat Pleasant, MD cost?
Median Sold Price
$331,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Seat Pleasant have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Seat Pleasant was $331,000 in June 2024, up 5.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $292.5K | $260K | -11.1% |
| 3 Bedrooms | $291K | $330K | +13.4% |
| 4 Bedrooms | $330K | $350K | +6.1% |
| 5+ Bedrooms | $415K | $395K | -4.8% |
Summary: Seat Pleasant housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Seat Pleasant | $315K | $331K | +5.1% |
| Fairmount Heights | $369.5K | $365K | -1.2% |
Housing Supply in Seat Pleasant, MD
How many homes are available in Seat Pleasant, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Summary: The Seat Pleasant real estate market had 13 homes for sale in June 2024, a 27.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Seat Pleasant housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seat Pleasant, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Seat Pleasant in June 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Seat Pleasant, MD
How long does it take to sell a home in Seat Pleasant, MD?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 62 Days | 16 Days | -74.1% |
Summary: Homes in Seat Pleasant had an average of 16 days on market in Jun 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seat Pleasant are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in Seat Pleasant; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
