$1,780 Closing Credit*
$149,900
750 SqFt
1 Bed
•1 Full Bath
Damon A Baker, Listing Office: Keller Williams Preferred Properties
Is Greenbelt, 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, Greenbelt has remained a Seller's Market.
Key Takeaway
Greenbelt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenbelt, MD
How much do homes in Greenbelt, MD cost?
Median Sold Price
$247,333
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,333(+7.5%)
Key Takeaway
Homes in Greenbelt have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Greenbelt was $247,333 in November 2024, up 7.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $170K | +7.9% |
| 2 Bedrooms | $209.9K | $224.5K | +7.0% |
| 3 Bedrooms | $313.5K | $360.9K | +15.1% |
| 4 Bedrooms | $480K | $525K | +9.4% |
| 5+ Bedrooms | $616.5K | $642.5K | +4.2% |
Summary: Greenbelt housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Riverdale Park | $497.5K | $585K | +17.6% |
| Greenbelt | $230K | $247.3K | +7.5% |
| College Park | $429.9K | $462K | +7.5% |
Housing Supply in Greenbelt, MD
How many homes are available in Greenbelt, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 62 | -8.8% |
Summary: The Greenbelt real estate market had 62 homes for sale in November 2024, a 8.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Greenbelt housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 12 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenbelt, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Greenbelt in November 2024, down by 45.5% month-over-month. Of the 12 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Greenbelt, MD
How long does it take to sell a home in Greenbelt, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 15 Days | +2.4% |
Summary: Homes in Greenbelt had an average of 15 days on market in Nov 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenbelt are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Greenbelt; 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.
