$2,374 Closing Credit*
$199,900
989 SqFt
2 Beds
•1 Full Bath, 1 Partial
Christopher Cummings, Listing Office: Samson Properties
Is Beltsville, 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, Beltsville has remained a Seller's Market.
Key Takeaway
Beltsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beltsville, MD
How much do homes in Beltsville, MD cost?
Median Sold Price
$401,500
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$101,500(+33.8%)
Key Takeaway
Homes in Beltsville have sold for 33.8% more than they did a year ago.
Summary: The median home sold price in Beltsville was $401,500 in October 2024, up 33.8% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.5K | $145K | +11.1% |
| 2 Bedrooms | $175K | $188.5K | +7.7% |
| 3 Bedrooms | $325K | $414K | +27.4% |
| 4 Bedrooms | $490K | $473.5K | -3.4% |
| 5+ Bedrooms | $500K | $534K | +6.8% |
Summary: Beltsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 27.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in Beltsville, MD
How many homes are available in Beltsville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Summary: The Beltsville real estate market had 38 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Beltsville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beltsville, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Beltsville in October 2024, down by 18.8% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Beltsville, MD
How long does it take to sell a home in Beltsville, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 21 Days | +65.7% |
Summary: Homes in Beltsville had an average of 21 days on market in Oct 2024, up by 65.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beltsville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Beltsville; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
