Is University Park, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing University Park is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, University Park has remained a Seller's Market.

Key Takeaway

University Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in University Park, MD cost?

Median Sold Price

$635,000

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$40,000(+6.7%)

Key Takeaway

Homes in University Park have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $403K$500K
+24.1%
3 $580K$575K
-0.9%
4 $672.5K$675K
0.4%
5+ $720K$565K
-21.5%

Median Sold Price Compared To Nearby Cities

Riverdale Park
+11.7%
Hyattsville
+11.2%
University Park
+6.7%
College Park
+3.9%

How many homes are available in University Park, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
1210-16.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 10
-100.0%
3 43
-25.0%
4 46
+50.0%
5+ 31
-66.7%

Number of Homes Sold

Aug 2022Sep 2022%
53-40.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in University Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
4 Days5 Days+18.5%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in University Park are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About University Park, MD

Homes for sale in University Park, MD have reached 10. The number of homes for sale in University Park, MD decreased by 16.7% between August 2022 and September 2022. Listings spent 5 days on the market in September 2022, and had a median list price of $635,000 during the same period. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 24.1%, 3 bedrooms properties became 0.9% more cheaper, 4 bedrooms properties became 0.4% more expensive, prices of 5 bedrooms properties decreased by 21.5%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 100%, 3 bedrooms homes inventory decreased by 25%, 4 bedrooms homes inventory increased by 50%, the quantity of 5 bedrooms homes went down by 66.7%. In September 2022 more than 2 listings in University Park, MD were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below.

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