$7,897 Closing Credit*
$665,000
2,064 SqFt
4 Beds
•2 Full Baths, 1 Partial
Judith Shields, Listing Office: Perennial Real Estate
Is Kemp Mill, 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, Kemp Mill has remained a Seller's Market.
Key Takeaway
Kemp Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kemp Mill, MD
How much do homes in Kemp Mill, MD cost?
Median Sold Price
$580,500
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,500(+2.7%)
Key Takeaway
Homes in Kemp Mill have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Kemp Mill was $580,500 in November 2024, up 2.7% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165.5K | $165K | -0.3% |
| 2 Bedrooms | $193.8K | $225K | +16.0% |
| 3 Bedrooms | $552.5K | $540K | -2.3% |
| 4 Bedrooms | $598.5K | $601.5K | 0.5% |
| 5+ Bedrooms | $597.5K | $805K | +34.7% |
Summary: Kemp Mill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 34.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwood / Four Corners | $572.5K | $615K | +7.4% |
| Four Corners | $650K | $670K | +3.1% |
| Kemp Mill | $565K | $580.5K | +2.7% |
Housing Supply in Kemp Mill, MD
How many homes are available in Kemp Mill, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The Kemp Mill real estate market had 30 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Kemp Mill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kemp Mill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Kemp Mill in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Kemp Mill, MD
How long does it take to sell a home in Kemp Mill, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 15 Days | -40.3% |
Summary: Homes in Kemp Mill had an average of 15 days on market in Nov 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
9 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 Kemp Mill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Kemp Mill; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
