$250,000
7.17 Acres
Land
Rena Champaco, Listing Office: Samson Properties
Is Lothian, 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, Lothian has remained a Seller's Market.
Key Takeaway
Lothian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lothian, MD
How much do homes in Lothian, MD cost?
Median Sold Price
$742,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$92,500(+14.2%)
Key Takeaway
Homes in Lothian have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Lothian was $742,500 in November 2024, up 14.2% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $440.1K | - | N/A |
| 3 Bedrooms | $419.9K | $360K | -14.3% |
| 4 Bedrooms | $675K | $905K | +34.1% |
| 5+ Bedrooms | $807K | $821.6K | +1.8% |
Summary: Lothian 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 did not change, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Harwood | $689.9K | $810K | +17.4% |
| Lothian | $650K | $742.5K | +14.2% |
| West River | $649.9K | $705K | +8.5% |
Housing Supply in Lothian, MD
How many homes are available in Lothian, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Lothian real estate market had 11 homes for sale in November 2024, a 21.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Lothian 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 100%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lothian, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lothian in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lothian, MD
How long does it take to sell a home in Lothian, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 16 Days | -54.9% |
Summary: Homes in Lothian had an average of 16 days on market in Nov 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
2 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 Lothian are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Lothian; 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.
