$1,970 Closing Credit*
$165,880
750 SqFt
1 Bed
•1 Full Bath
Teila C. Thorne, Listing Office: Goldmine Realty
Is Greenbelt, 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, 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
$247,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+8.8%)
Key Takeaway
Homes in Greenbelt have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Greenbelt was $247,000 in October 2024, up 8.8% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $170K | +6.9% |
| 2 Bedrooms | $205K | $224K | +9.3% |
| 3 Bedrooms | $306.7K | $362K | +18.0% |
| 4 Bedrooms | $457.5K | $537.5K | +17.5% |
| 5+ Bedrooms | $618K | $642.5K | +4.0% |
Summary: Greenbelt housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Riverdale Park | $500K | $575K | +15.0% |
| Berwyn Heights | $443.9K | $485K | +9.2% |
| Greenbelt | $227K | $247K | +8.8% |
| College Park | $427.5K | $459K | +7.4% |
Housing Supply in Greenbelt, MD
How many homes are available in Greenbelt, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 72 | +9.1% |
Summary: The Greenbelt real estate market had 72 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Greenbelt housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenbelt, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Greenbelt in October 2024, up by 12.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 16 Days | +11.6% |
Summary: Homes in Greenbelt had an average of 16 days on market in Oct 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 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 October 2024, 18 homes were sold in Greenbelt; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
