Is Lexington Park, 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, Lexington Park has remained a Seller's Market.
Housing Prices in Lexington Park, MD
How much do homes in Lexington Park, MD cost?
Median Sold Price
$352,966
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lexington Park was $352,966 in April 2024, up 0.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | $180K | +50.0% |
3 Bedrooms | $294.5K | $310K | +5.3% |
4 Bedrooms | $400K | $417K | +4.3% |
5+ Bedrooms | $467.5K | $468.9K | 0.3% |
Summary: Lexington Park 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 50%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Lexington Park | $350K | $352.9K | +0.8% |
Great Mills | $333.5K | $305K | -8.5% |
Housing Supply in Lexington Park, MD
How many homes are available in Lexington Park, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 72 | +28.6% |
Summary: The Lexington Park real estate market had 72 homes for sale in April 2024, a 28.6% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 22 | 34 | +54.5% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lexington Park 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 remained the same, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Lexington Park in April 2024, down by 5.6% month-over-month. Of the 17 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for Lexington Park, MD
How long does it take to sell a home in Lexington Park, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 22 Days | +6.6% |
Summary: Homes in Lexington Park had an average of 22 days on market in Apr 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Lexington Park; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.