Is Capitol Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Capitol Heights has remained a Seller's Market.
Housing Prices in Capitol Heights, MD
How much do homes in Capitol Heights, MD cost?
Median Sold Price
$334,933
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Capitol Heights was $334,933 in May 2024, up 1.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $234.5K | -0.2% |
3 Bedrooms | $315K | $325K | +3.2% |
4 Bedrooms | $350K | $350K | 0.0% |
5+ Bedrooms | $377K | $415K | +10.1% |
Summary: Capitol Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Capitol Heights | $330K | $334.9K | +1.5% |
Washington | $677.3K | $658.4K | -2.8% |
Housing Supply in Capitol Heights, MD
How many homes are available in Capitol Heights, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
121 | 142 | +17.4% |
Summary: The Capitol Heights real estate market had 142 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 49 | 58 | +18.4% |
4 Bedrooms | 30 | 39 | +30.0% |
5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The Capitol Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 25 | -24.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Capitol Heights in May 2024, down by 24.2% month-over-month. Of the 25 sold homes, 16% were sold under asking, 32% were sold at asking, and 52% were sold over asking.
Days on Market for Capitol Heights, MD
How long does it take to sell a home in Capitol Heights, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 30 Days | +58.1% |
Summary: Homes in Capitol Heights had an average of 30 days on market in May 2024, up by 58.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Capitol Heights; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.