$6,460 Closing Credit*
$544,000
2,588 SqFt
5 Beds
•3 Full Baths
Sam Benkirane, Listing Office: Proplocate Realty
Is Brandywine, 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, Brandywine has remained a Seller's Market.
Key Takeaway
Brandywine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brandywine, MD
How much do homes in Brandywine, MD cost?
Median Sold Price
$483,735
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$62,640(-11.5%)
Key Takeaway
Homes in Brandywine have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Brandywine was $483,735 in October 2024, down 11.5% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $393.1K | $296K | -24.7% |
| 3 Bedrooms | $439.9K | $460.4K | +4.7% |
| 4 Bedrooms | $599.4K | $595K | -0.7% |
| 5+ Bedrooms | $850K | $809.9K | -4.7% |
Summary: Brandywine housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in Brandywine, MD
How many homes are available in Brandywine, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 106 | +20.5% |
Summary: The Brandywine real estate market had 106 homes for sale in October 2024, a 20.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 51 | 62 | +21.6% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Brandywine housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandywine, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Brandywine in October 2024, up by 17.6% month-over-month. Of the 20 sold homes, 35% were sold under asking, 40% were sold at asking, and 25% were sold over asking.
Days on Market for Brandywine, MD
How long does it take to sell a home in Brandywine, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 61 Days | +195.5% |
Summary: Homes in Brandywine had an average of 61 days on market in Oct 2024, up by 195.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Brandywine has remained consistent over time.
Summary: During October 2024, 20 homes were sold in Brandywine; 30% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
