Is Kettering, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kettering is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Kettering has remained a Seller's Market.

Key Takeaway

Kettering is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kettering, MD

How much do homes in Kettering, MD cost?

Median Sold Price

$402,591

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$29,591(+7.9%)

Key Takeaway

Homes in Kettering have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Kettering was $402,591 in December 2024, up 7.9% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $237K$270K
+13.9%
2 $315K$316.5K
0.5%
3 $356.5K$390K
+9.4%
4 $475.7K$450K
-5.4%
5+ $576K$746K
+29.5%

Summary: Kettering housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 29.5%.

Median Sold Price Compared To Nearby Neighborhoods

Kettering
+7.9%
Cameron Grove
+4.8%
Oak Creek Club
-3.6%

Housing Supply in Kettering, MD

How many homes are available in Kettering, MD?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3935-10.3%

Summary: The Kettering real estate market had 35 homes for sale in December 2024, a 10.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1413
-7.1%
3 128
-33.3%
4 99
0.0%
5+ 45
+25.0%

Summary: The Kettering 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 decreased by 7.1%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1510-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer50%30%20%

Key Takeaway

If you're buying a home in Kettering, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Kettering in December 2024, down by 33.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for Kettering, MD

How long does it take to sell a home in Kettering, MD?

Average Sale Time

Dec 2023Dec 2024CHANGE
27 Days24 Days-8.2%

Summary: Homes in Kettering had an average of 24 days on market in Dec 2024, down by 8.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times80%20%

Key Takeaway

Many homes in Kettering are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 10 homes were sold in Kettering; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Kettering, MD

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