$2,078 Closing Credit*
$175,000
910 SqFt
2 Beds
•1 Full Bath
Michael S Ingram, Listing Office: Morgan and Saylor Realty LLC
Is Adelphi, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Adelphi has remained a Seller's Market.
Key Takeaway
Adelphi is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Adelphi, MD
How much do homes in Adelphi, MD cost?
Median Sold Price
$197,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$32,500(+19.7%)
Key Takeaway
Homes in Adelphi have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Adelphi was $197,500 in December 2024, up 19.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $125K | +9.6% |
| 2 Bedrooms | $150K | $162K | +8.0% |
| 3 Bedrooms | $217K | $395K | +82.0% |
| 4 Bedrooms | $516.2K | $517K | 0.1% |
| 5+ Bedrooms | $620K | $606K | -2.3% |
Summary: Adelphi housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 82%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in Adelphi, MD
How many homes are available in Adelphi, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 52 | 43 | -17.3% |
Summary: The Adelphi real estate market had 43 homes for sale in December 2024, a 17.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 17 | 12 | -29.4% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Adelphi housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adelphi, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Adelphi in December 2024, the same as the previous month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Adelphi, MD
How long does it take to sell a home in Adelphi, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 52 Days | 40 Days | -23.4% |
Summary: Homes in Adelphi had an average of 40 days on market in Dec 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Adelphi are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in Adelphi; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
