Is Spring Meadows Condominiums, 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, Spring Meadows Condominiums has remained a Seller's Market.
Key Takeaway
Spring Meadows Condominiums is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Meadows Condominiums, MD
How much do homes in Spring Meadows Condominiums, MD cost?
Median Sold Price
$252,500
$166/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Spring Meadows Condominiums have sold for 29.5% more than they did a month ago.
Summary: The median home sold price in Spring Meadows Condominiums was $252,500 in April 2024, up 29.5% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $195K | $252.5K | +29.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Spring Meadows Condominiums housing prices by bedroom type for April 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 increased by 29.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Spring Meadows Condominiums, MD
How many homes are available in Spring Meadows Condominiums, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Spring Meadows Condominiums real estate market had 4 homes for sale in April 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Meadows Condominiums 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Meadows Condominiums, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Spring Meadows Condominiums in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Spring Meadows Condominiums, MD
How long does it take to sell a home in Spring Meadows Condominiums, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 10 Days | -61.1% |
Summary: Homes in Spring Meadows Condominiums had an average of 10 days on market in Apr 2024, down by 61.1% compared to last month.
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
Key Takeaway
Many homes in Spring Meadows Condominiums are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Spring Meadows Condominiums; 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.
