$4,750 Closing Credit*
$400,000
1,932 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jennifer H Bonk, Listing Office: Cummings & Co. Realtors
Is Camp Springs, 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, 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
$415,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,027(+5.6%)
Key Takeaway
Homes in Camp Springs have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Camp Springs was $415,000 in November 2024, up 5.6% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.9K | - | N/A |
| 2 Bedrooms | $324.9K | $312K | -4.0% |
| 3 Bedrooms | $351K | $372.5K | +6.1% |
| 4 Bedrooms | $399.4K | $430K | +7.6% |
| 5+ Bedrooms | $446.4K | $459.5K | +2.9% |
Summary: Camp Springs 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 decreased by 4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Camp Springs, MD
How many homes are available in Camp Springs, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 73 | +5.8% |
Summary: The Camp Springs real estate market had 73 homes for sale in November 2024, a 5.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 17 | 25 | +47.1% |
| 4 Bedrooms | 30 | 26 | -13.3% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Camp Springs 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 47.1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Camp Springs, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Camp Springs in November 2024, the same as the previous month. Of the 18 sold homes, 28% were sold under asking, 28% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +64.9% |
Summary: Homes in Camp Springs had an average of 37 days on market in Nov 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Camp Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Camp Springs; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
