$139,500
0.13 Acres
Land
Ralph Marion Harvey III, Listing Office: ListWithFreedom.com
Is Capitol Heights, 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, Capitol Heights has remained a Seller's Market.
Key Takeaway
Capitol Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Capitol Heights, MD
How much do homes in Capitol Heights, MD cost?
Median Sold Price
$345,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.5%)
Key Takeaway
Homes in Capitol Heights have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Capitol Heights was $345,000 in November 2024, up 4.5% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122.5K | N/A |
| 2 Bedrooms | $235K | $245K | +4.3% |
| 3 Bedrooms | $325K | $330K | +1.5% |
| 4 Bedrooms | $349K | $371.5K | +6.4% |
| 5+ Bedrooms | $385K | $415K | +7.8% |
Summary: Capitol Heights 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 4.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Capitol Heights | $330K | $345K | +4.5% |
| Washington | $663.4K | $676K | +1.9% |
Housing Supply in Capitol Heights, MD
How many homes are available in Capitol Heights, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 153 | 152 | -0.7% |
Summary: The Capitol Heights real estate market had 152 homes for sale in November 2024, a 0.7% decrease 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 69 | 66 | -4.3% |
| 4 Bedrooms | 51 | 44 | -13.7% |
| 5+ Bedrooms | 25 | 31 | +24.0% |
Summary: The Capitol Heights 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 42.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 24%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 29 | -27.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Capitol Heights, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Capitol Heights in November 2024, down by 27.5% month-over-month. Of the 29 sold homes, 28% were sold under asking, 24% were sold at asking, and 48% were sold over asking.
Days on Market for Capitol Heights, MD
How long does it take to sell a home in Capitol Heights, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 23 Days | -31.5% |
Summary: Homes in Capitol Heights had an average of 23 days on market in Nov 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Capitol Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Capitol Heights; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
