$10,000 Closing Credit*
$1,575,000
4,396 SqFt
5 Beds
•4 Full Baths, 1 Partial
Todd C Harris, Listing Office: Long & Foster Real Estate, Inc.
Is Garrett Park, 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, Garrett Park has remained a Seller's Market.
Key Takeaway
Garrett Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garrett Park, MD
How much do homes in Garrett Park, MD cost?
Median Sold Price
$1,250,000
$324/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$325,000(+35.1%)
Key Takeaway
Homes in Garrett Park have sold for 35.1% more than they did a month ago.
Summary: The median home sold price in Garrett Park was $1,250,000 in December 2024, up 35.1% from last month, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $925K | - | N/A |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Garrett Park housing prices by bedroom type for December 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.
Housing Supply in Garrett Park, MD
How many homes are available in Garrett Park, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Garrett Park real estate market had 4 homes for sale in December 2024, a 20.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Garrett Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garrett Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Garrett Park in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Garrett Park, MD
How long does it take to sell a home in Garrett Park, MD?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 Days | 24 Days | +700.0% |
Summary: Homes in Garrett Park had an average of 24 days on market in Dec 2024, up by 700% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garrett Park are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Garrett Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
