$3,390 Closing Credit*
$285,500
1,340 SqFt
3 Beds
•2 Full Baths
Lisa Greaves, Listing Office: Redfin Corp
Is Leisure World, 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, Leisure World has remained a Seller's Market.
Key Takeaway
Leisure World is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leisure World, MD
How much do homes in Leisure World, MD cost?
Median Sold Price
$249,666
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,666(+4.0%)
Key Takeaway
Homes in Leisure World have sold for 4% more than they did a year ago.
Summary: The median home sold price in Leisure World was $249,666 in November 2024, up 4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $141.2K | +8.7% |
| 2 Bedrooms | $235K | $245K | +4.3% |
| 3 Bedrooms | $387K | $379K | -2.1% |
| 4 Bedrooms | $445K | $475K | +6.7% |
| 5+ Bedrooms | $420K | - | N/A |
Summary: Leisure World housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Leisure World | $240K | $249.6K | +4.0% |
| Aspen Hill | $537.5K | $550K | +2.3% |
| Olney | $650K | $651K | 0.2% |
Housing Supply in Leisure World, MD
How many homes are available in Leisure World, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 99 | +8.8% |
Summary: The Leisure World real estate market had 99 homes for sale in November 2024, a 8.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 60 | 69 | +15.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leisure World housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leisure World, you may be able to get a good deal. 36.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Leisure World in November 2024, up by 15.4% month-over-month. Of the 30 sold homes, 37% were sold under asking, 33% were sold at asking, and 30% were sold over asking.
Days on Market for Leisure World, MD
How long does it take to sell a home in Leisure World, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +15.1% |
Summary: Homes in Leisure World had an average of 25 days on market in Nov 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leisure World are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in Leisure World; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
