$10,000 Closing Credit*
$1,975,000
4,505 SqFt
6 Beds
•6 Full Baths, 1 Partial
Wendy I Banner, Listing Office: Long & Foster Real Estate, Inc.
Is Wyngate, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Wyngate was a Seller's Market.
Key Takeaway
Wyngate is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wyngate, MD
How much do homes in Wyngate, MD cost?
Median Sold Price
$1,225,000
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$5,000(+0.4%)
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 $1,225,000 in September 2024, up 0.4% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $770K | - | N/A |
| 3 Bedrooms | $1.0M | $1.0M | -0.6% |
| 4 Bedrooms | $955K | $1.0M | +7.1% |
| 5+ Bedrooms | $1.8M | $2.0M | +11.9% |
Summary: Wyngate housing prices by bedroom type for September 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 decreased by 0.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Bethesda | $1.1M | $1.2M | +6.2% |
| Wyngate | $1.2M | $1.2M | 0.4% |
Housing Supply in Wyngate, MD
How many homes are available in Wyngate, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Summary: The Wyngate real estate market had 12 homes for sale in September 2024, a 71.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 8 | +700.0% |
Summary: The Wyngate housing inventory by bedroom type for September 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 700%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wyngate, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Wyngate in September 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 3 Days | 6 Days | +100.0% |
Summary: Homes in Wyngate had an average of 6 days on market in Sep 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wyngate are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in Wyngate; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
