$6,352 Closing Credit*
$534,900
1,110 SqFt
4 Beds
•3 Full Baths
Thomas J Keats, Listing Office: Keats & Co Real Estate LLC
Is Lanham, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Lanham has remained a Seller's Market.
Key Takeaway
Lanham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lanham, MD
How much do homes in Lanham, MD cost?
Median Sold Price
$453,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$6,000(+1.3%)
Key Takeaway
Homes in Lanham have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Lanham was $453,500 in December 2024, up 1.3% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.5K | $360K | +25.2% |
| 3 Bedrooms | $420K | $435K | +3.6% |
| 4 Bedrooms | $438.7K | $467.5K | +6.6% |
| 5+ Bedrooms | $532.5K | $473K | -11.2% |
Summary: Lanham housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in Lanham, MD
How many homes are available in Lanham, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Lanham real estate market had 18 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lanham 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lanham, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Lanham in December 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Lanham, MD
How long does it take to sell a home in Lanham, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 32 Days | 34 Days | +6.2% |
Summary: Homes in Lanham had an average of 34 days on market in Dec 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lanham are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in Lanham; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
