Is Upper Marlboro, 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, Upper Marlboro has remained a Seller's Market.
Housing Prices in Upper Marlboro, MD
How much do homes in Upper Marlboro, MD cost?
Median Sold Price
$459,522
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper Marlboro was $459,522 in April 2024, down 1.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.8K | $137.5K | -8.9% |
2 Bedrooms | $285K | $295K | +3.5% |
3 Bedrooms | $449.9K | $459.9K | +2.2% |
4 Bedrooms | $491K | $500K | +1.8% |
5+ Bedrooms | $682.8K | $700K | +2.5% |
Summary: Upper Marlboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in Upper Marlboro, MD
How many homes are available in Upper Marlboro, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
329 | 329 | 0.0% |
Summary: The Upper Marlboro real estate market had 329 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 53 | 59 | +11.3% |
3 Bedrooms | 128 | 121 | -5.5% |
4 Bedrooms | 94 | 90 | -4.3% |
5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The Upper Marlboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 74 | -25.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Upper Marlboro in April 2024, down by 25.3% month-over-month. Of the 74 sold homes, 28% were sold under asking, 28% were sold at asking, and 43% were sold over asking.
Days on Market for Upper Marlboro, MD
How long does it take to sell a home in Upper Marlboro, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 29 Days | +3.0% |
Summary: Homes in Upper Marlboro had an average of 29 days on market in Apr 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Upper Marlboro; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.