Is University Park, 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, University Park has remained a Seller's Market.
Housing Prices in University Park, MD
How much do homes in University Park, MD cost?
Median Sold Price
$640,000
$282/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in University Park was $640,000 in March 2024, down 11.7% from last month, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $705K | N/A |
4 Bedrooms | $650K | - | N/A |
5+ Bedrooms | $800K | $575K | -28.1% |
Summary: University Park housing prices by bedroom type for March 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 28.1%.
Housing Supply in University Park, MD
How many homes are available in University Park, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Summary: The University Park real estate market had 10 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The University Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in University Park in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for University Park, MD
How long does it take to sell a home in University Park, MD?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 16 Days | +153.8% |
Summary: Homes in University Park had an average of 16 days on market in Mar 2024, up by 153.8% 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
Summary: During March 2024, 2 homes were sold in University Park; 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.