Is Greenbelt, 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, Greenbelt has remained a Seller's Market.
Housing Prices in Greenbelt, MD
How much do homes in Greenbelt, MD cost?
Median Sold Price
$240,750
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Greenbelt was $240,750 in April 2024, up 2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $155K | 0.0% |
2 Bedrooms | $200K | $212K | +6.0% |
3 Bedrooms | $310K | $352.4K | +13.7% |
4 Bedrooms | $436K | $502.5K | +15.3% |
5+ Bedrooms | $650K | $607.5K | -6.5% |
Summary: Greenbelt 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 6%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Riverdale Park | $474.9K | $560K | +17.9% |
College Park | $410K | $450K | +9.8% |
Berwyn Heights | $429.5K | $450K | +4.8% |
Greenbelt | $236K | $240.7K | +2.0% |
Housing Supply in Greenbelt, MD
How many homes are available in Greenbelt, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 53 | +17.8% |
Summary: The Greenbelt real estate market had 53 homes for sale in April 2024, a 17.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 23 | 24 | +4.3% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Greenbelt housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Greenbelt in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 27% were sold at asking, and 53% were sold over asking.
Days on Market for Greenbelt, MD
How long does it take to sell a home in Greenbelt, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 35 Days | +1.0% |
Summary: Homes in Greenbelt had an average of 35 days on market in Apr 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Greenbelt; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.