Is Kettering, 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, Kettering was a Neutral Market.
Housing Prices in Kettering, MD
How much do homes in Kettering, MD cost?
Median Sold Price
$394,500
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kettering was $394,500 in April 2024, up 9.9% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $237K | N/A |
2 Bedrooms | $305K | $315K | +3.3% |
3 Bedrooms | $337.5K | $361K | +7.0% |
4 Bedrooms | $445K | $466K | +4.7% |
5+ Bedrooms | $715K | $576K | -19.4% |
Summary: Kettering 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 3.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Neighborhoods
Kettering | $358.9K | $394.5K | +9.9% |
Perrywood | $485K | $525K | +8.2% |
Housing Supply in Kettering, MD
How many homes are available in Kettering, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Summary: The Kettering real estate market had 47 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Kettering housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Kettering in April 2024, down by 30.8% 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 Kettering, MD
How long does it take to sell a home in Kettering, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 20 Days | -54.8% |
Summary: Homes in Kettering had an average of 20 days on market in Apr 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Kettering; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.