$4,868 Closing Credit*
$409,922
996 SqFt
2 Beds
•2 Full Baths
Martha I Martinez, Listing Office: Long & Foster Real Estate, Inc.
Is East Riverdale, 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, East Riverdale has remained a Seller's Market.
Key Takeaway
East Riverdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Riverdale, MD
How much do homes in East Riverdale, MD cost?
Median Sold Price
$381,500
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,050(+0.8%)
Key Takeaway
Homes in East Riverdale have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in East Riverdale was $381,500 in October 2024, up 0.8% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | - | N/A |
| 2 Bedrooms | $330K | $255K | -22.7% |
| 3 Bedrooms | $337.5K | $345.5K | +2.4% |
| 4 Bedrooms | $394.9K | $395K | 0.0% |
| 5+ Bedrooms | $420K | $426.2K | +1.5% |
Summary: East Riverdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.5%.
Housing Supply in East Riverdale, MD
How many homes are available in East Riverdale, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The East Riverdale real estate market had 15 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The East Riverdale 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Riverdale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in East Riverdale in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for East Riverdale, MD
How long does it take to sell a home in East Riverdale, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 20 Days | -21.1% |
Summary: Homes in East Riverdale had an average of 20 days on market in Oct 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
3 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 East Riverdale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in East Riverdale; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
