$7,838 Closing Credit*
$660,000
2,468 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michelle Joan Boretti, Listing Office: Coldwell Banker Realty
Is Crofton Park, 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, Crofton Park has remained a Seller's Market.
Key Takeaway
Crofton Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crofton Park, MD
How much do homes in Crofton Park, MD cost?
Median Sold Price
$540,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,500(-4.0%)
Key Takeaway
Homes in Crofton Park have sold for 4% less than they did a year ago.
Summary: The median home sold price in Crofton Park was $540,000 in November 2024, down 4% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $336.2K | $355K | +5.6% |
| 3 Bedrooms | $408K | $425K | +4.2% |
| 4 Bedrooms | $645K | $650K | +0.8% |
| 5+ Bedrooms | $750K | $715K | -4.7% |
Summary: Crofton Park 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 5.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Crofton | $445.3K | $455.5K | +2.3% |
| Crofton Park | $562.5K | $540K | -4.0% |
Housing Supply in Crofton Park, MD
How many homes are available in Crofton Park, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Crofton Park real estate market had 24 homes for sale in November 2024, a 7.7% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Crofton Park 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 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crofton Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Crofton Park in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Crofton Park, MD
How long does it take to sell a home in Crofton Park, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 16 Days | -6.5% |
Summary: Homes in Crofton Park had an average of 16 days on market in Nov 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Crofton Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Crofton Park; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
