Is Washington Village / Pigtown, 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, Washington Village / Pigtown has remained a Seller's Market.
Key Takeaway
Washington Village / Pigtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington Village / Pigtown, MD
How much do homes in Washington Village / Pigtown, MD cost?
Median Sold Price
$184,900
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Washington Village / Pigtown have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Washington Village / Pigtown was $184,900 in April 2024, up 0.5% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $147.5K | +1.7% |
| 2 Bedrooms | $178K | $177K | -0.6% |
| 3 Bedrooms | $194K | $200K | +3.1% |
| 4 Bedrooms | $335K | $349.9K | +4.4% |
| 5+ Bedrooms | $360K | - | N/A |
Summary: Washington Village / Pigtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Ridgely's Delight | $240K | $288.7K | +20.3% |
| Washington Village / Pigtown | $183.9K | $184.9K | 0.5% |
Housing Supply in Washington Village / Pigtown, MD
How many homes are available in Washington Village / Pigtown, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The Washington Village / Pigtown real estate market had 57 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 33 | 36 | +9.1% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Washington Village / Pigtown 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 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Village / Pigtown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Washington Village / Pigtown in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Washington Village / Pigtown, MD
How long does it take to sell a home in Washington Village / Pigtown, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 35 Days | -39.9% |
Summary: Homes in Washington Village / Pigtown had an average of 35 days on market in Apr 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Washington Village / Pigtown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Washington Village / Pigtown; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
