$7,113 Closing Credit*
$599,000
1,980 SqFt
4 Beds
•2 Full Baths, 1 Partial
Steven A Patten, Listing Office: KW Metro Center
Is Maryland City, 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, Maryland City was a Seller's Market.
Key Takeaway
Maryland City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Maryland City, MD
How much do homes in Maryland City, MD cost?
Median Sold Price
$473,240
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,760(-1.4%)
Key Takeaway
Homes in Maryland City have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Maryland City was $473,240 in November 2024, down 1.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $312.5K | $327.5K | +4.8% |
| 3 Bedrooms | $484.9K | $485K | 0.0% |
| 4 Bedrooms | $542.4K | $502.4K | -7.4% |
| 5+ Bedrooms | $475K | $460K | -3.2% |
Summary: Maryland City 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 4.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
| South Laurel | $450K | $505K | +12.2% |
| Fort Meade | $490K | $532.5K | +8.7% |
| Russett | $425K | $438.7K | +3.2% |
| Maryland City | $480K | $473.2K | -1.4% |
Housing Supply in Maryland City, MD
How many homes are available in Maryland City, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 67 | +24.1% |
Summary: The Maryland City real estate market had 67 homes for sale in November 2024, a 24.1% 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 28 | 47 | +67.9% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Maryland City 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 decreased by 28.6%, 3 bedroom homes increased by 67.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maryland City, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Maryland City in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Maryland City, MD
How long does it take to sell a home in Maryland City, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 24 Days | +84.6% |
Summary: Homes in Maryland City had an average of 24 days on market in Nov 2024, up by 84.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Maryland City has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Maryland City; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
