Is Nottingham, 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, Nottingham has remained a Seller's Market.
Housing Prices in Nottingham, MD
How much do homes in Nottingham, MD cost?
Median Sold Price
$301,333
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nottingham was $301,333 in April 2024, up 4.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164K | $180K | +9.8% |
2 Bedrooms | $225K | $220K | -2.2% |
3 Bedrooms | $284.7K | $310K | +8.9% |
4 Bedrooms | $386K | $409.9K | +6.2% |
5+ Bedrooms | $395K | $445K | +12.7% |
Summary: Nottingham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
Parkville | $273K | $299.9K | +9.9% |
Nottingham | $289K | $301.3K | +4.3% |
Perry Hall | $379.9K | $385K | +1.3% |
White Marsh | $542.4K | $544K | 0.3% |
Housing Supply in Nottingham, MD
How many homes are available in Nottingham, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 90 | +15.4% |
Summary: The Nottingham real estate market had 90 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 37 | 50 | +35.1% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Nottingham 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 6.3%, 3 bedroom homes increased by 35.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 23 | -11.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Nottingham in April 2024, down by 11.5% month-over-month. Of the 23 sold homes, 26% were sold under asking, 9% were sold at asking, and 65% were sold over asking.
Days on Market for Nottingham, MD
How long does it take to sell a home in Nottingham, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 14 Days | +42.4% |
Summary: Homes in Nottingham had an average of 14 days on market in Apr 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Nottingham; 91% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.