Is Leonardtown, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leonardtown is a seller's market

Buyer's
Market

Difference Since October 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

$561,821

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,371(+10.9%)

Key Takeaway

Homes in Leonardtown have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Leonardtown was $561,821 in October 2024, up 10.9% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $332.4K$330K
-0.7%
3 $399.9K$421K
+5.3%
4 $535K$577.4K
+7.9%
5+ $625K$639K
+2.2%

Summary: Leonardtown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 2.2%.

Housing Supply in Leonardtown, MD

How many homes are available in Leonardtown, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
49490.0%

Summary: The Leonardtown real estate market had 49 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1615
-6.3%
4 1514
-6.7%
5+ 1415
+7.1%

Summary: The Leonardtown 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 25%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leonardtown, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Leonardtown in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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

Oct 2023Oct 2024CHANGE
45 Days20 Days-55.1%

Summary: Homes in Leonardtown had an average of 20 days on market in Oct 2024, down by 55.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Leonardtown are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Leonardtown; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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