Is Greenbelt, 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, Greenbelt has remained a Seller's Market.
Key Takeaway
Greenbelt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenbelt, MD
How much do homes in Greenbelt, MD cost?
Median Sold Price
$244,750
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greenbelt have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Greenbelt was $244,750 in May 2024, up 8.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.2K | $155K | -0.8% |
| 2 Bedrooms | $199.4K | $214K | +7.3% |
| 3 Bedrooms | $310K | $360.9K | +16.4% |
| 4 Bedrooms | $430K | $502.5K | +16.9% |
| 5+ Bedrooms | $650K | $615K | -5.4% |
Summary: Greenbelt housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Riverdale Park | $465K | $572.5K | +23.1% |
| College Park | $410K | $451K | +10.0% |
| Greenbelt | $226K | $244.7K | +8.3% |
| Berwyn Heights | $420K | $451.5K | +7.5% |
Housing Supply in Greenbelt, MD
How many homes are available in Greenbelt, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 62 | +21.6% |
Summary: The Greenbelt real estate market had 62 homes for sale in May 2024, a 21.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 22 | 27 | +22.7% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 2 | 7 | +250.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Greenbelt 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 increased by 22.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 250%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenbelt, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Greenbelt in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Greenbelt, MD
How long does it take to sell a home in Greenbelt, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 10 Days | -12.7% |
Summary: Homes in Greenbelt had an average of 10 days on market in May 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenbelt are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Greenbelt; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
