Is Centreville, 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, Centreville was a Seller's Market.
Key Takeaway
Centreville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Centreville, MD
How much do homes in Centreville, MD cost?
Median Sold Price
$477,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Centreville have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Centreville was $477,500 in April 2024, up 3.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $2.3M | +1050.0% |
| 2 Bedrooms | $435K | $305K | -29.9% |
| 3 Bedrooms | $410K | $403.7K | -1.5% |
| 4 Bedrooms | $482K | $512K | +6.2% |
| 5+ Bedrooms | $532K | $538K | +1.1% |
Summary: Centreville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1050%, 2 bedroom homes decreased by 29.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Centreville, MD
How many homes are available in Centreville, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 45 | +32.4% |
Summary: The Centreville real estate market had 45 homes for sale in April 2024, a 32.4% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Centreville 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 increased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Centreville in April 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Centreville, MD
How long does it take to sell a home in Centreville, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 38 Days | +125.5% |
Summary: Homes in Centreville had an average of 38 days on market in Apr 2024, up by 125.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centreville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Centreville; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
