Is White Oak, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, White Oak has remained a Seller's Market.
Housing Prices in White Oak, MD
How much do homes in White Oak, MD cost?
Median Sold Price
$573,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in White Oak was $573,000 in March 2024, up 20.2% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $196K | +12.0% |
2 Bedrooms | $227K | $216K | -4.8% |
3 Bedrooms | $535K | $531.5K | -0.7% |
4 Bedrooms | $557K | $625K | +12.2% |
5+ Bedrooms | $655K | $712.5K | +8.8% |
Summary: White Oak housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in White Oak, MD
How many homes are available in White Oak, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Summary: The White Oak real estate market had 25 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The White Oak 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 increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in White Oak in March 2024, up by 50.0% 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 White Oak, MD
How long does it take to sell a home in White Oak, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 17 Days | +71.2% |
Summary: Homes in White Oak had an average of 17 days on market in Mar 2024, up by 71.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in White Oak; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.