$4,097 Closing Credit*
$345,000
2,044 SqFt
4 Beds
•2 Full Baths, 1 Partial
Benjamin J Garner, Listing Office: Real Broker, LLC - Keswick
Is Lexington Park, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lexington Park was a Seller's Market.
Key Takeaway
Lexington Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lexington Park, MD
How much do homes in Lexington Park, MD cost?
Median Sold Price
$359,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,400(+3.0%)
Key Takeaway
Homes in Lexington Park have sold for 3% more than they did a year ago.
Summary: The median home sold price in Lexington Park was $359,000 in November 2024, up 3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168K | $217.5K | +29.5% |
| 3 Bedrooms | $305K | $325K | +6.6% |
| 4 Bedrooms | $405K | $417K | +3.0% |
| 5+ Bedrooms | $472.4K | $485.7K | +2.8% |
Summary: Lexington Park 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 29.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Lexington Park | $348.6K | $359K | +3.0% |
| Great Mills | $312.5K | $314.5K | +0.6% |
Housing Supply in Lexington Park, MD
How many homes are available in Lexington Park, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 79 | -9.2% |
Summary: The Lexington Park real estate market had 79 homes for sale in November 2024, a 9.2% decrease 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 | 4 | +33.3% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The Lexington Park 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 increased by 33.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 12 | -50.0% |
Asking Price vs. Sold Price
3 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 Lexington Park, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Lexington Park in November 2024, down by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 27 Days | +75.1% |
Summary: Homes in Lexington Park had an average of 27 days on market in Nov 2024, up by 75.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lexington Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Lexington Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
