$9,322 Closing Credit*
$785,000
3,744 SqFt
4 Beds
•2 Full Baths, 1 Partial
Steven J Saucedo, Listing Office: Keller Williams Flagship of Maryland
Is Burtonsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Burtonsville was a Seller's Market.
Key Takeaway
Burtonsville 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 Burtonsville, MD
How much do homes in Burtonsville, MD cost?
Median Sold Price
$624,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$101,500(+19.4%)
Key Takeaway
Homes in Burtonsville have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Burtonsville was $624,000 in October 2024, up 19.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $332.5K | $344.9K | +3.7% |
| 3 Bedrooms | $390K | $449.9K | +15.4% |
| 4 Bedrooms | $607.5K | $612K | +0.7% |
| 5+ Bedrooms | $751K | $895K | +19.2% |
Summary: Burtonsville 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 increased by 3.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Burtonsville | $522.5K | $624K | +19.4% |
| West Laurel | $530K | $550K | +3.8% |
Housing Supply in Burtonsville, MD
How many homes are available in Burtonsville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Summary: The Burtonsville real estate market had 20 homes for sale in October 2024, a 53.8% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Burtonsville 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 increased by 50%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Burtonsville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Burtonsville in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 34 Days | +26.5% |
Summary: Homes in Burtonsville had an average of 34 days on market in Oct 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Burtonsville has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Burtonsville; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
