$475,000
177.57 Acres
Land
Mark L Posey, Listing Office: Greenmark Real Estate
Is La Plata, 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, 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
$478,675
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,675(+7.6%)
Key Takeaway
Homes in La Plata have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in La Plata was $478,675 in November 2024, up 7.6% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315.5K | $350.5K | +11.1% |
| 3 Bedrooms | $395K | $405K | +2.5% |
| 4 Bedrooms | $475.9K | $524.9K | +10.3% |
| 5+ Bedrooms | $535.9K | $609K | +13.6% |
Summary: La Plata housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Port Tobacco | $439.1K | $668K | +52.1% |
| La Plata | $445K | $478.6K | +7.6% |
| White Plains | $470K | $470K | 0.0% |
Housing Supply in La Plata, MD
How many homes are available in La Plata, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 104 | +1.0% |
Summary: The La Plata real estate market had 104 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 45 | 45 | 0.0% |
| 4 Bedrooms | 37 | 38 | +2.7% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The La Plata housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Plata, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in La Plata in November 2024, down by 28.0% month-over-month. Of the 18 sold homes, 11% were sold under asking, 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 49 Days | +108.4% |
Summary: Homes in La Plata had an average of 49 days on market in Nov 2024, up by 108.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Plata are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in La Plata; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
