Is Hyattsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hyattsville was a Seller's Market.
Key Takeaway
Hyattsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hyattsville, MD
How much do homes in Hyattsville, MD cost?
Median Sold Price
$389,376
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hyattsville have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Hyattsville was $389,376 in May 2024, up 0.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $104.7K | -27.8% |
| 2 Bedrooms | $221K | $220K | -0.5% |
| 3 Bedrooms | $400K | $356K | -11.0% |
| 4 Bedrooms | $410K | $434.5K | +6.0% |
| 5+ Bedrooms | $435.5K | $465K | +6.8% |
Summary: Hyattsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.8%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 11%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Mount Rainier | $491K | $530K | +7.9% |
| Hyattsville | $386.8K | $389.3K | +0.7% |
| Brentwood | $415K | $385K | -7.2% |
Housing Supply in Hyattsville, MD
How many homes are available in Hyattsville, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 223 | 257 | +15.2% |
Summary: The Hyattsville real estate market had 257 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 20 | +33.3% |
| 2 Bedrooms | 32 | 37 | +15.6% |
| 3 Bedrooms | 88 | 95 | +8.0% |
| 4 Bedrooms | 54 | 63 | +16.7% |
| 5+ Bedrooms | 34 | 42 | +23.5% |
Summary: The Hyattsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 40 | -29.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hyattsville, expect to pay close to the asking price. 35% of homes here sold near the asking price last month.
Summary: A total of 40 homes were sold or pending in Hyattsville in May 2024, down by 29.8% month-over-month. Of the 40 sold homes, 33% were sold under asking, 35% were sold at asking, and 33% were sold over asking.
Days on Market for Hyattsville, MD
How long does it take to sell a home in Hyattsville, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 25 Days | -29.8% |
Summary: Homes in Hyattsville had an average of 25 days on market in May 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hyattsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in Hyattsville; 70% 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.
