$1,176 Closing Credit*
$99,000
984 SqFt
3 Beds
•1 Full Bath
Rebecca M Ravera, Listing Office: Real Broker, LLC - Keswick
Is Mardela Springs, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mardela Springs was a Buyer's Market.
Key Takeaway
Mardela Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mardela Springs, MD
How much do homes in Mardela Springs, MD cost?
Median Sold Price
$320,000
$238/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$105,000(+48.8%)
Key Takeaway
Homes in Mardela Springs have sold for 48.8% more than they did a month ago.
Summary: The median home sold price in Mardela Springs was $320,000 in November 2024, up 48.8% from last month, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $362.5K | N/A |
| 3 Bedrooms | - | $284.5K | N/A |
| 4 Bedrooms | $215K | $360K | +67.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mardela Springs housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 67.4%, and 5+ bedroom homes did not change.
Housing Supply in Mardela Springs, MD
How many homes are available in Mardela Springs, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Mardela Springs real estate market had 13 homes for sale in November 2024, a 30.0% increase 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 | 3 | +50.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mardela Springs 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 50%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mardela Springs, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Mardela Springs in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Mardela Springs, MD
How long does it take to sell a home in Mardela Springs, MD?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 15 Days | -64.9% |
Summary: Homes in Mardela Springs had an average of 15 days on market in Nov 2024, down by 64.9% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mardela Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Mardela Springs; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
