$10,000 Closing Credit*
$984,999
6,633 SqFt
5 Beds
•4 Full Baths, 1 Partial
Benjamin J Marzette, Listing Office: Marzette Properties, Inc.
Is La Plata, 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, La Plata has remained a Seller's Market.
Key Takeaway
La Plata is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Plata, MD
How much do homes in La Plata, MD cost?
Median Sold Price
$471,100
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,100(+5.9%)
Key Takeaway
Homes in La Plata have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in La Plata was $471,100 in October 2024, up 5.9% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $309.9K | $345.2K | +11.4% |
| 3 Bedrooms | $395K | $405.9K | +2.8% |
| 4 Bedrooms | $479.9K | $520K | +8.4% |
| 5+ Bedrooms | $536.9K | $602.5K | +12.2% |
Summary: La Plata housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| La Plata | $445K | $471.1K | +5.9% |
| White Plains | $475K | $470K | -1.1% |
Housing Supply in La Plata, MD
How many homes are available in La Plata, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 110 | 112 | +1.8% |
Summary: The La Plata real estate market had 112 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 41 | 48 | +17.1% |
| 4 Bedrooms | 43 | 40 | -7.0% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The La Plata housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 24 | -27.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Plata, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in La Plata in October 2024, down by 27.3% month-over-month. Of the 24 sold homes, 8% were sold under asking, 58% were sold at asking, and 33% were sold over asking.
Days on Market for La Plata, MD
How long does it take to sell a home in La Plata, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 41 Days | +120.2% |
Summary: Homes in La Plata had an average of 41 days on market in Oct 2024, up by 120.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in La Plata are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in La Plata; 50% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
