$5,759 Closing Credit*
$484,990
1,744 SqFt
3 Beds
•3 Full Baths, 1 Partial
Marta Lopushanska, Listing Office: Berkshire Hathaway HomeServices Homesale Realty
Is Locust Point, 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, Locust Point has remained a Seller's Market.
Key Takeaway
Locust Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Locust Point, MD
How much do homes in Locust Point, MD cost?
Median Sold Price
$459,475
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,480(+3.3%)
Key Takeaway
Homes in Locust Point have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Locust Point was $459,475 in October 2024, up 3.3% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372K | $319K | -14.2% |
| 2 Bedrooms | $321K | $364.9K | +13.7% |
| 3 Bedrooms | $505K | $518K | +2.6% |
| 4 Bedrooms | $587.5K | $612.5K | +4.3% |
| 5+ Bedrooms | $617K | - | N/A |
Summary: Locust Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes did not change.
Housing Supply in Locust Point, MD
How many homes are available in Locust Point, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Locust Point real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Locust Point 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Point, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Locust Point in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Locust Point, MD
How long does it take to sell a home in Locust Point, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 8 Days | -49.6% |
Summary: Homes in Locust Point had an average of 8 days on market in Oct 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Locust Point are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Locust Point; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
