Is Hyattsville, 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, Hyattsville has remained a Seller's Market.
Key Takeaway
Hyattsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hyattsville, MD
How much do homes in Hyattsville, MD cost?
Median Sold Price
$390,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hyattsville have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Hyattsville was $390,000 in April 2024, up 2.6% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $103K | -35.6% |
| 2 Bedrooms | $208K | $220K | +5.8% |
| 3 Bedrooms | $390K | $361.3K | -7.4% |
| 4 Bedrooms | $410K | $435K | +6.1% |
| 5+ Bedrooms | $440.5K | $460K | +4.4% |
Summary: Hyattsville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Mount Rainier | $506.5K | $527.5K | +4.1% |
| Hyattsville | $380K | $390K | +2.6% |
Housing Supply in Hyattsville, MD
How many homes are available in Hyattsville, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 204 | 218 | +6.9% |
Summary: The Hyattsville real estate market had 218 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 28 | 30 | +7.1% |
| 3 Bedrooms | 83 | 86 | +3.6% |
| 4 Bedrooms | 43 | 55 | +27.9% |
| 5+ Bedrooms | 38 | 33 | -13.2% |
Summary: The Hyattsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes decreased by 13.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 55 | -19.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hyattsville, you could pay more than the asking price. 41.8% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in Hyattsville in April 2024, down by 19.1% month-over-month. Of the 55 sold homes, 29% were sold under asking, 29% were sold at asking, and 42% were sold over asking.
Days on Market for Hyattsville, MD
How long does it take to sell a home in Hyattsville, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 24 Days | -7.5% |
Summary: Homes in Hyattsville had an average of 24 days on market in Apr 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hyattsville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 55 homes were sold in Hyattsville; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
