$1,413 Closing Credit*
$119,000
2,062 SqFt
3 Beds
•2 Full Baths
Bonita B Grier, Listing Office: Baldus Real Estate, Inc.
Is Lexington Park, 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, Lexington Park has remained a Seller's Market.
Key Takeaway
Lexington Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lexington Park, MD
How much do homes in Lexington Park, MD cost?
Median Sold Price
$360,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,333(+4.1%)
Key Takeaway
Homes in Lexington Park have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Lexington Park was $360,000 in October 2024, up 4.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168K | $217.5K | +29.5% |
| 3 Bedrooms | $305K | $326K | +6.9% |
| 4 Bedrooms | $411K | $416.5K | +1.3% |
| 5+ Bedrooms | $475K | $481.5K | +1.4% |
Summary: Lexington Park 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 increased by 29.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Lexington Park | $345.6K | $360K | +4.1% |
| Great Mills | $316K | $314.5K | -0.5% |
Housing Supply in Lexington Park, MD
How many homes are available in Lexington Park, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 92 | +17.9% |
Summary: The Lexington Park real estate market had 92 homes for sale in October 2024, a 17.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 30 | 44 | +46.7% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Lexington Park 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 33.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lexington Park, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Lexington Park in October 2024, up by 41.2% month-over-month. Of the 24 sold homes, 21% were sold under asking, 54% were sold at asking, and 25% were sold over asking.
Days on Market for Lexington Park, MD
How long does it take to sell a home in Lexington Park, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +37.0% |
Summary: Homes in Lexington Park had an average of 28 days on market in Oct 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lexington Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Lexington Park; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
