Is Berwyn Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Berwyn Heights was a Neutral Market.
Housing Prices in Berwyn Heights, MD
How much do homes in Berwyn Heights, MD cost?
Median Sold Price
$450,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berwyn Heights was $450,000 in April 2024, up 4.8% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $285K | $310K | +8.8% |
3 Bedrooms | $439K | $431.2K | -1.8% |
4 Bedrooms | $432.5K | $450K | +4.0% |
5+ Bedrooms | $460K | $520K | +13.0% |
Summary: Berwyn Heights 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 increased by 8.8%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
College Park | $410K | $450K | +9.8% |
Berwyn Heights | $429.5K | $450K | +4.8% |
Greenbelt | $236K | $240.7K | +2.0% |
Housing Supply in Berwyn Heights, MD
How many homes are available in Berwyn Heights, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 7 | -50.0% |
Summary: The Berwyn Heights real estate market had 7 homes for sale in April 2024, a 50.0% decrease 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 | 5 | 3 | -40.0% |
4 Bedrooms | 7 | 2 | -71.4% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Berwyn Heights 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 decreased by 40%, 4 bedroom homes decreased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Berwyn Heights in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Berwyn Heights, MD
How long does it take to sell a home in Berwyn Heights, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 10 Days | +46.4% |
Summary: Homes in Berwyn Heights had an average of 10 days on market in Apr 2024, up by 46.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Berwyn Heights; 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.