$8,123 Closing Credit*
$684,000
2,408 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jitendra K Motwani, Listing Office: Valu
Is Burtonsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Burtonsville has remained a Seller's Market.
Key Takeaway
Burtonsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burtonsville, MD
How much do homes in Burtonsville, MD cost?
Median Sold Price
$568,750
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$71,250(+14.3%)
Key Takeaway
Homes in Burtonsville have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Burtonsville was $568,750 in November 2024, up 14.3% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $347.4K | +0.7% |
| 3 Bedrooms | $400K | $450K | +12.5% |
| 4 Bedrooms | $622.5K | $624K | 0.2% |
| 5+ Bedrooms | $751K | $900K | +19.8% |
Summary: Burtonsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Burtonsville | $497.5K | $568.7K | +14.3% |
| West Laurel | $530K | $550K | +3.8% |
Housing Supply in Burtonsville, MD
How many homes are available in Burtonsville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Burtonsville real estate market had 20 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 1 | 5 | +400.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Burtonsville 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 400%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burtonsville, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Burtonsville in November 2024, up by 175.0% month-over-month. Of the 11 sold homes, 9% were sold under asking, 27% were sold at asking, and 64% were sold over asking.
Days on Market for Burtonsville, MD
How long does it take to sell a home in Burtonsville, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 13 Days | -49.4% |
Summary: Homes in Burtonsville had an average of 13 days on market in Nov 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burtonsville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Burtonsville; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
