Is Travilah, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Travilah has remained a Seller's Market.
Key Takeaway
Travilah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Travilah, MD
How much do homes in Travilah, MD cost?
Median Sold Price
$1,529,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Travilah has remained the same since last year.
Summary: The median home sold price in Travilah was $1,529,000 in April 2024, down 0.4% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $805K | $860K | +6.8% |
| 4 Bedrooms | $1.3M | $1.3M | 0.4% |
| 5+ Bedrooms | $1.6M | $1.8M | +8.4% |
Summary: Travilah housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in Travilah, MD
How many homes are available in Travilah, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 57 | +42.5% |
Summary: The Travilah real estate market had 57 homes for sale in April 2024, a 42.5% 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 | 1 | 2 | +100.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 27 | 41 | +51.9% |
Summary: The Travilah 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 100%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 51.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Travilah, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Travilah in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 6% were sold at asking, and 69% were sold over asking.
Days on Market for Travilah, MD
How long does it take to sell a home in Travilah, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 22 Days | +210.8% |
Summary: Homes in Travilah had an average of 22 days on market in Apr 2024, up by 210.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Travilah are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Travilah; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
