Is Glenn Dale, 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, Glenn Dale was a Seller's Market.
Key Takeaway
Glenn Dale 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 Glenn Dale, MD
How much do homes in Glenn Dale, MD cost?
Median Sold Price
$535,500
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glenn Dale have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Glenn Dale was $535,500 in April 2024, up 7.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $384.5K | $405K | +5.3% |
| 3 Bedrooms | $429K | $437.9K | +2.1% |
| 4 Bedrooms | $555K | $560K | +0.9% |
| 5+ Bedrooms | $630K | $730K | +15.9% |
Summary: Glenn Dale 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 5.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Glenn Dale | $500K | $535.5K | +7.1% |
| Northridge | $610K | $589.5K | -3.4% |
Housing Supply in Glenn Dale, MD
How many homes are available in Glenn Dale, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Summary: The Glenn Dale real estate market had 62 homes for sale in April 2024, a 12.7% 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 | 1 | +100.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Glenn Dale 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 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glenn Dale, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Glenn Dale in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Glenn Dale, MD
How long does it take to sell a home in Glenn Dale, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 16 Days | -67.5% |
Summary: Homes in Glenn Dale had an average of 16 days on market in Apr 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glenn Dale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Glenn Dale; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
