Is Berwyn Heights, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berwyn Heights is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Berwyn Heights was a Seller's Market.

Key Takeaway

Berwyn Heights 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 Berwyn Heights, MD

How much do homes in Berwyn Heights, MD cost?

Median Sold Price

$455,000

$346/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$30,000(-6.2%)

Key Takeaway

Homes in Berwyn Heights have sold for 6.2% less than they did a month ago.

Summary: The median home sold price in Berwyn Heights was $455,000 in November 2024, down 6.2% from last month, and the median price per square foot was $346.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $386K-
N/A
4 --
N/A
5+ $485K$455K
-6.2%

Summary: Berwyn Heights housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.2%.

Housing Supply in Berwyn Heights, MD

How many homes are available in Berwyn Heights, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1012+20.0%

Summary: The Berwyn Heights real estate market had 12 homes for sale in November 2024, a 20.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 34
+33.3%
4 24
+100.0%
5+ 53
-40.0%

Summary: The Berwyn Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berwyn Heights, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Berwyn Heights in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Berwyn Heights, MD

How long does it take to sell a home in Berwyn Heights, MD?

Average Sale Time

Oct 2024Nov 2024CHANGE
25 Days70 Days+180.0%

Summary: Homes in Berwyn Heights had an average of 70 days on market in Nov 2024, up by 180% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Berwyn Heights are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Berwyn Heights; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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