$5,105 Closing Credit*
$429,900
1,882 SqFt
4 Beds
•2 Full Baths
Benjamin C Daniels, Listing Office: The KW Collective
Is Centreville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Centreville was a Seller's Market.
Key Takeaway
Centreville 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 Centreville, MD
How much do homes in Centreville, MD cost?
Median Sold Price
$518,450
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,450(+9.8%)
Key Takeaway
Homes in Centreville have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Centreville was $518,450 in November 2024, up 9.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $2.3M | - | N/A |
| 2 Bedrooms | $353.5K | $325K | -8.1% |
| 3 Bedrooms | $400K | $452.5K | +13.1% |
| 4 Bedrooms | $499K | $550K | +10.2% |
| 5+ Bedrooms | $535K | $655K | +22.4% |
Summary: Centreville 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 8.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 22.4%.
Housing Supply in Centreville, MD
How many homes are available in Centreville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Summary: The Centreville real estate market had 46 homes for sale in November 2024, a 4.2% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Centreville 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 decreased by 28.6%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Centreville in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Centreville, MD
How long does it take to sell a home in Centreville, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 19 Days | -59.9% |
Summary: Homes in Centreville had an average of 19 days on market in Nov 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centreville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Centreville; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
