Is Glenarden, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Glenarden was a Seller's Market.
Housing Prices in Glenarden, MD
How much do homes in Glenarden, MD cost?
Median Sold Price
$403,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Glenarden was $403,000 in May 2024, down 10.4% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $270K | $297K | +10.0% |
3 Bedrooms | $330K | $371.5K | +12.6% |
4 Bedrooms | $463K | $470K | +1.5% |
5+ Bedrooms | $699K | $474.5K | -32.1% |
Summary: Glenarden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 32.1%.
Housing Supply in Glenarden, MD
How many homes are available in Glenarden, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 22 | +83.3% |
Summary: The Glenarden real estate market had 22 homes for sale in May 2024, a 83.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 11 | +175.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Glenarden housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 175%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Glenarden in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Glenarden, MD
How long does it take to sell a home in Glenarden, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 32 Days | -15.2% |
Summary: Homes in Glenarden had an average of 32 days on market in May 2024, down by 15.2% compared to last year.
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
Summary: During May 2024, 2 homes were sold in Glenarden; 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.