Is Leonardtown, 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, Leonardtown has remained a Seller's Market.
Housing Prices in Leonardtown, MD
How much do homes in Leonardtown, MD cost?
Median Sold Price
$539,450
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Leonardtown was $539,450 in April 2024, up 15.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $379.9K | $269.9K | -28.9% |
3 Bedrooms | $400K | $400K | 0.0% |
4 Bedrooms | $480K | $563.8K | +17.5% |
5+ Bedrooms | $617K | $625K | +1.3% |
Summary: Leonardtown 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 decreased by 28.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in Leonardtown, MD
How many homes are available in Leonardtown, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 70 | +16.7% |
Summary: The Leonardtown real estate market had 70 homes for sale in April 2024, a 16.7% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 27 | 27 | 0.0% |
5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The Leonardtown 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 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Leonardtown in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% were sold over asking.
Days on Market for Leonardtown, MD
How long does it take to sell a home in Leonardtown, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 27 Days | +129.5% |
Summary: Homes in Leonardtown had an average of 27 days on market in Apr 2024, up by 129.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Leonardtown; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.