Is Two Rivers, 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, Two Rivers has remained a Seller's Market.
Key Takeaway
Two Rivers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Two Rivers, MD
How much do homes in Two Rivers, MD cost?
Median Sold Price
$796,250
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Two Rivers have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Two Rivers was $796,250 in April 2024, up 2.7% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $582.5K | $573.2K | -1.6% |
| 3 Bedrooms | $675K | $757.4K | +12.2% |
| 4 Bedrooms | $833.7K | $795K | -4.7% |
| 5+ Bedrooms | $875K | $900K | +2.9% |
Summary: Two Rivers 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 decreased by 1.6%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Crofton | $425K | $443.3K | +4.3% |
| Two Rivers | $775K | $796.2K | +2.7% |
Housing Supply in Two Rivers, MD
How many homes are available in Two Rivers, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Summary: The Two Rivers real estate market had 26 homes for sale in April 2024, a 36.8% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 0 | 5 | +100.0% |
Summary: The Two Rivers 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 increased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Two Rivers, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Two Rivers in April 2024, up by 300.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for Two Rivers, MD
How long does it take to sell a home in Two Rivers, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 14 Days | -70.2% |
Summary: Homes in Two Rivers had an average of 14 days on market in Apr 2024, down by 70.2% compared to last year.
Breakdown of Home Sale Times
7 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 Two Rivers are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Two Rivers; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
