Is Waldorf, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Waldorf was a Seller's Market.
Key Takeaway
Waldorf is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Waldorf, MD
How much do homes in Waldorf, MD cost?
Median Sold Price
$406,433
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Waldorf have sold for 6% more than they did a year ago.
Summary: The median home sold price in Waldorf was $406,433 in March 2024, up 6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $284.2K | $300K | +5.5% |
| 3 Bedrooms | $340.5K | $360K | +5.7% |
| 4 Bedrooms | $430K | $450K | +4.7% |
| 5+ Bedrooms | $525K | $551.5K | +5.0% |
Summary: Waldorf housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 5%.
Housing Supply in Waldorf, MD
How many homes are available in Waldorf, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 460 | 478 | +3.9% |
Summary: The Waldorf real estate market had 478 homes for sale in March 2024, a 3.9% increase 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 216 | 233 | +7.9% |
| 4 Bedrooms | 170 | 169 | -0.6% |
| 5+ Bedrooms | 63 | 65 | +3.2% |
Summary: The Waldorf 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 increased by 7.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 65 | -5.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waldorf, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 65 homes were sold or pending in Waldorf in March 2024, down by 5.8% month-over-month. Of the 65 sold homes, 20% were sold under asking, 46% were sold at asking, and 34% were sold over asking.
Days on Market for Waldorf, MD
How long does it take to sell a home in Waldorf, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 38 Days | +3.0% |
Summary: Homes in Waldorf had an average of 38 days on market in Mar 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waldorf are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 65 homes were sold in Waldorf; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
