$4,394 Closing Credit*
$370,000
1,168 SqFt
3 Beds
•1 Full Bath, 1 Partial
Evonne D Nutall, Listing Office: Covenant Realty Group
Is District 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, District Heights has remained a Seller's Market.
Key Takeaway
District Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in District Heights, MD
How much do homes in District Heights, MD cost?
Median Sold Price
$345,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+7.8%)
Key Takeaway
Homes in District Heights have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in District Heights was $345,000 in November 2024, up 7.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.7K | $95K | -2.8% |
| 2 Bedrooms | $220K | $200K | -9.1% |
| 3 Bedrooms | $320K | $333K | +4.1% |
| 4 Bedrooms | $368K | $389K | +5.7% |
| 5+ Bedrooms | $411K | $450K | +9.5% |
Summary: District Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in District Heights, MD
How many homes are available in District Heights, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 100 | -12.3% |
Summary: The District Heights real estate market had 100 homes for sale in November 2024, a 12.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 54 | 45 | -16.7% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The District 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 decreased by 4.8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 22 | -43.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in District Heights, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in District Heights in November 2024, down by 43.6% month-over-month. Of the 22 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for District Heights, MD
How long does it take to sell a home in District Heights, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +25.7% |
Summary: Homes in District Heights had an average of 27 days on market in Nov 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in District Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in District Heights; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
