$5,639 Closing Credit*
$474,900
1,408 SqFt
3 Beds
•3 Full Baths, 1 Partial
Carolyn A Young, Listing Office: Samson Properties
Is Aspen Hill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Aspen Hill has remained a Seller's Market.
Key Takeaway
Aspen Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Aspen Hill, MD
How much do homes in Aspen Hill, MD cost?
Median Sold Price
$550,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+4.6%)
Key Takeaway
Homes in Aspen Hill have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Aspen Hill was $550,000 in October 2024, up 4.6% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $188K | +25.3% |
| 2 Bedrooms | $225K | $225K | 0.0% |
| 3 Bedrooms | $470.5K | $480K | +2.0% |
| 4 Bedrooms | $649K | $660K | +1.7% |
| 5+ Bedrooms | $725K | $720K | -0.7% |
Summary: Aspen Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Flower Valley | $828.5K | $887.5K | +7.1% |
| Aspen Hill | $526K | $550K | +4.6% |
| Leisure World | $243.3K | $245K | +0.7% |
Housing Supply in Aspen Hill, MD
How many homes are available in Aspen Hill, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 107 | +20.2% |
Summary: The Aspen Hill real estate market had 107 homes for sale in October 2024, a 20.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 26 | +36.8% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Aspen Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 35 | +52.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Aspen Hill, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Aspen Hill in October 2024, up by 52.2% month-over-month. Of the 35 sold homes, 26% were sold under asking, 29% were sold at asking, and 46% were sold over asking.
Days on Market for Aspen Hill, MD
How long does it take to sell a home in Aspen Hill, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 21 Days | +85.5% |
Summary: Homes in Aspen Hill had an average of 21 days on market in Oct 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Aspen Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Aspen Hill; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
