Is Central, 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, Central has remained a Seller's Market.
Housing Prices in Central, MD
How much do homes in Central, MD cost?
Median Sold Price
$280,283
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central was $280,283 in April 2024, up 4.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $174.9K | +6.0% |
2 Bedrooms | $262.4K | $275K | +4.8% |
3 Bedrooms | $300K | $301.2K | 0.4% |
4 Bedrooms | $300K | $328K | +9.3% |
5+ Bedrooms | $525K | $375K | -28.6% |
Summary: Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Neighborhoods
Central | $268.4K | $280.2K | +4.4% |
Downtown | $217.5K | $194K | -10.8% |
Housing Supply in Central, MD
How many homes are available in Central, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
171 | 192 | +12.3% |
Summary: The Central real estate market had 192 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 29 | +45.0% |
2 Bedrooms | 69 | 76 | +10.1% |
3 Bedrooms | 40 | 38 | -5.0% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45%, 2 bedroom homes increased by 10.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 34 | +61.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Central in April 2024, up by 61.9% month-over-month. Of the 34 sold homes, 71% were sold under asking, 9% were sold at asking, and 21% were sold over asking.
Days on Market for Central, MD
How long does it take to sell a home in Central, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 35 Days | -46.7% |
Summary: Homes in Central had an average of 35 days on market in Apr 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Central; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.