$4,453 Closing Credit*
$374,950
1,740 SqFt
3 Beds
•2 Full Baths, 1 Partial
Klaus Breitsameter, Listing Office: RE/MAX Realty Group
Is Marlboro Village, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Marlboro Village was a Seller's Market.
Key Takeaway
Marlboro Village 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 Marlboro Village, MD
How much do homes in Marlboro Village, MD cost?
Median Sold Price
$330,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-2.9%)
Key Takeaway
Homes in Marlboro Village have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Marlboro Village was $330,000 in October 2024, down 2.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $187.5K | +2.7% |
| 2 Bedrooms | $292.5K | $291K | -0.5% |
| 3 Bedrooms | $365K | $375K | +2.7% |
| 4 Bedrooms | $579K | $572K | -1.2% |
| 5+ Bedrooms | $650K | $670K | +3.1% |
Summary: Marlboro Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Marlboro Village | $340K | $330K | -2.9% |
| Marlborough Village | $325K | $300K | -7.7% |
Housing Supply in Marlboro Village, MD
How many homes are available in Marlboro Village, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The Marlboro Village real estate market had 42 homes for sale in October 2024, a 2.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Marlboro Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marlboro Village, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Marlboro Village in October 2024, down by 57.1% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Marlboro Village, MD
How long does it take to sell a home in Marlboro Village, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +41.5% |
Summary: Homes in Marlboro Village had an average of 31 days on market in Oct 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marlboro Village are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Marlboro Village; 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.
