$3,669 Closing Credit*
$309,000
1,080 SqFt
2 Beds
•1 Full Bath, 1 Partial
Alicia Gannon Dulin, Listing Office: Benson & Mangold, LLC
Is Centreville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Centreville was a Neutral Market.
Key Takeaway
Centreville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centreville, MD
How much do homes in Centreville, MD cost?
Median Sold Price
$499,900
$193/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$70,100(-12.3%)
Key Takeaway
Homes in Centreville have sold for 12.3% less than they did a month ago.
Summary: The median home sold price in Centreville was $499,900 in December 2024, down 12.3% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | - | N/A |
| 3 Bedrooms | $497K | $369.9K | -25.6% |
| 4 Bedrooms | $750K | $499.9K | -33.3% |
| 5+ Bedrooms | $599K | $530K | -11.5% |
Summary: Centreville housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in Centreville, MD
How many homes are available in Centreville, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 47 | 43 | -8.5% |
Summary: The Centreville real estate market had 43 homes for sale in December 2024, a 8.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Centreville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centreville, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Centreville in December 2024, up by 85.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% 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 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 23 Days | +18.2% |
Summary: Homes in Centreville had an average of 23 days on market in Dec 2024, up by 18.2% compared to last month.
Breakdown of Home Sale Times
11 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 December 2024, 13 homes were sold in Centreville; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
