$5,047 Closing Credit*
$424,999
1,544 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ronald V Hair, Listing Office: RE/MAX Leading Edge
Is Camp Springs, 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, Camp Springs has remained a Seller's Market.
Key Takeaway
Camp Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Camp Springs, MD
How much do homes in Camp Springs, MD cost?
Median Sold Price
$411,333
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,388(+5.2%)
Key Takeaway
Homes in Camp Springs have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Camp Springs was $411,333 in October 2024, up 5.2% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.9K | - | N/A |
| 2 Bedrooms | $285K | $307.5K | +7.9% |
| 3 Bedrooms | $342K | $370K | +8.2% |
| 4 Bedrooms | $399.4K | $420K | +5.1% |
| 5+ Bedrooms | $447K | $457K | +2.2% |
Summary: Camp Springs 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 7.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in Camp Springs, MD
How many homes are available in Camp Springs, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 74 | +4.2% |
Summary: The Camp Springs real estate market had 74 homes for sale in October 2024, a 4.2% 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 | 24 | 20 | -16.7% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Camp Springs 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 decreased by 16.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Camp Springs, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Camp Springs in October 2024, down by 30.4% month-over-month. Of the 16 sold homes, 25% were sold under asking, 31% were sold at asking, and 44% were sold over asking.
Days on Market for Camp Springs, MD
How long does it take to sell a home in Camp Springs, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 28 Days | +107.0% |
Summary: Homes in Camp Springs had an average of 28 days on market in Oct 2024, up by 107% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Camp Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Camp Springs; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
