Is Village Olde Mill, 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, Village Olde Mill has remained a Seller's Market.
Key Takeaway
Village Olde Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Village Olde Mill, MD
How much do homes in Village Olde Mill, MD cost?
Median Sold Price
$356,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Village Olde Mill have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Village Olde Mill was $356,000 in April 2024, up 13.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $279.9K | $331K | +18.3% |
| 4 Bedrooms | $418K | $430K | +2.9% |
| 5+ Bedrooms | $427.5K | $439.9K | +2.9% |
Summary: Village Olde Mill 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 18.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Village Olde Mill | $312.5K | $356K | +13.9% |
| Glen Burnie | $360K | $360K | 0.0% |
Housing Supply in Village Olde Mill, MD
How many homes are available in Village Olde Mill, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Village Olde Mill real estate market had 12 homes for sale in April 2024, the same as 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 | 8 | 7 | -12.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Village Olde Mill 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 decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Village Olde Mill, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Village Olde Mill in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Village Olde Mill, MD
How long does it take to sell a home in Village Olde Mill, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 85 Days | +755.0% |
Summary: Homes in Village Olde Mill had an average of 85 days on market in Apr 2024, up by 755% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Village Olde Mill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Village Olde Mill; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
