$2,791 Closing Credit*
$235,000
1,071 SqFt
2 Beds
•2 Full Baths
Natasha C Gordon, Listing Office: Opulence Realty Solutions LLC
Is Largo, 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, Largo has remained a Seller's Market.
Key Takeaway
Largo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Largo, MD
How much do homes in Largo, MD cost?
Median Sold Price
$340,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$28,000(-7.6%)
Key Takeaway
Homes in Largo have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Largo was $340,000 in October 2024, down 7.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $137.5K | +11.8% |
| 2 Bedrooms | $177K | $194.7K | +10.0% |
| 3 Bedrooms | $385K | $390K | +1.3% |
| 4 Bedrooms | $452.5K | $475K | +5.0% |
| 5+ Bedrooms | $535.5K | $699.9K | +30.7% |
Summary: Largo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 30.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Largo Knolls | $528K | $489K | -7.4% |
| Largo | $368K | $340K | -7.6% |
Housing Supply in Largo, MD
How many homes are available in Largo, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 42 | +13.5% |
Summary: The Largo real estate market had 42 homes for sale in October 2024, a 13.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Largo 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 increased by 36.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Largo, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Largo in October 2024, the same as the previous month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% were sold over asking.
Days on Market for Largo, MD
How long does it take to sell a home in Largo, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +61.0% |
Summary: Homes in Largo had an average of 40 days on market in Oct 2024, up by 61% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Largo has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Largo; 36% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
