$3,444 Closing Credit*
$290,000
1,126 SqFt
3 Beds
•1 Full Bath, 1 Partial
Derval N Chin, Listing Office: RE/MAX Professionals
Is Cottage City, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cottage City has remained a Seller's Market.
Key Takeaway
Cottage City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottage City, MD
How much do homes in Cottage City, MD cost?
Median Sold Price
$445,025
$276/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$190,025(+74.5%)
Key Takeaway
Homes in Cottage City have sold for 74.5% more than they did a month ago.
Summary: The median home sold price in Cottage City was $445,025 in November 2024, up 74.5% from last month, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $445K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cottage City housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cottage City | $255K | $445K | +74.5% |
| Colmar Manor | $440K | $335K | -23.9% |
Housing Supply in Cottage City, MD
How many homes are available in Cottage City, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Cottage City real estate market had 5 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cottage City 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 decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cottage City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cottage City in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cottage City, MD
How long does it take to sell a home in Cottage City, MD?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 7 Days | +87.5% |
Summary: Homes in Cottage City had an average of 7 days on market in Nov 2024, up by 87.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cottage City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Cottage City; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.