Is Wyngate, 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, Wyngate has remained a Seller's Market.
Key Takeaway
Wyngate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wyngate, MD
How much do homes in Wyngate, MD cost?
Median Sold Price
$1,160,000
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Wyngate has remained the same since last year.
Summary: The median home sold price in Wyngate was $1,160,000 in April 2024, up 0.4% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $770K | N/A |
| 3 Bedrooms | $910K | $1.0M | +12.6% |
| 4 Bedrooms | $1.1M | $962.5K | -12.5% |
| 5+ Bedrooms | $1.8M | $1.9M | +4.4% |
Summary: Wyngate 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 12.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Bethesda | $1.1M | $1.1M | +2.3% |
| Wyngate | $1.1M | $1.1M | 0.4% |
Housing Supply in Wyngate, MD
How many homes are available in Wyngate, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Summary: The Wyngate real estate market had 15 homes for sale in April 2024, a 66.7% increase compared to 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 | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The Wyngate 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wyngate, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Wyngate in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Wyngate, MD
How long does it take to sell a home in Wyngate, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 43 Days | +314.3% |
Summary: Homes in Wyngate had an average of 43 days on market in Apr 2024, up by 314.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wyngate are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Wyngate; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
