$7,066 Closing Credit*
$595,000
3,120 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jessica D Raley, Listing Office: CENTURY 21 New Millennium
Is Leonardtown, 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, Leonardtown has remained a Seller's Market.
Key Takeaway
Leonardtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leonardtown, MD
How much do homes in Leonardtown, MD cost?
Median Sold Price
$560,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+9.6%)
Key Takeaway
Homes in Leonardtown have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Leonardtown was $560,000 in November 2024, up 9.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $364.5K | +27.9% |
| 3 Bedrooms | $399.9K | $425K | +6.3% |
| 4 Bedrooms | $541.5K | $570K | +5.3% |
| 5+ Bedrooms | $626.9K | $642K | +2.4% |
Summary: Leonardtown 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 27.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in Leonardtown, MD
How many homes are available in Leonardtown, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Summary: The Leonardtown real estate market had 46 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Leonardtown 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 increased by 7.1%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Leonardtown, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Leonardtown in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Leonardtown, MD
How long does it take to sell a home in Leonardtown, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 27 Days | -48.3% |
Summary: Homes in Leonardtown had an average of 27 days on market in Nov 2024, down by 48.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leonardtown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Leonardtown; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
