$3,563 Closing Credit*
$300,000
1,080 SqFt
2 Beds
•1 Full Bath, 1 Partial
Justin Thornton, Listing Office: CENTURY 21 New Millennium
Is District Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$340,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.3%)
Key Takeaway
Homes in District Heights have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in District Heights was $340,000 in October 2024, up 6.3% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.5K | $99.3K | +4.0% |
| 2 Bedrooms | $180K | $223.3K | +24.1% |
| 3 Bedrooms | $320K | $330K | +3.1% |
| 4 Bedrooms | $368K | $389.5K | +5.8% |
| 5+ Bedrooms | $411K | $450K | +9.5% |
Summary: District Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 124 | +13.8% |
Summary: The District Heights real estate market had 124 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 54 | 61 | +13.0% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The District Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 34 | +70.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in District Heights, expect to pay close to the asking price. 38.2% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in District Heights in October 2024, up by 70.0% month-over-month. Of the 34 sold homes, 29% were sold under asking, 38% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +38.6% |
Summary: Homes in District Heights had an average of 31 days on market in Oct 2024, up by 38.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in District Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in District Heights; 59% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
