$4,986 Closing Credit*
$419,900
1,308 SqFt
3 Beds
•1 Full Bath
Bonnie M Gregorio, Listing Office: RE/MAX Professionals
Is Maryland City, 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, Maryland City has remained a Seller's Market.
Key Takeaway
Maryland City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maryland City, MD
How much do homes in Maryland City, MD cost?
Median Sold Price
$475,000
$243/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Maryland City has remained the same since last year.
Summary: The median home sold price in Maryland City was $475,000 in October 2024, the same as last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.5K | $335K | +11.9% |
| 3 Bedrooms | $476.4K | $487.4K | +2.3% |
| 4 Bedrooms | $539K | $510K | -5.4% |
| 5+ Bedrooms | $530K | $467.5K | -11.8% |
Summary: Maryland City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Neighborhoods
| South Laurel | $450K | $500K | +11.1% |
| Fort Meade | $490K | $520K | +6.1% |
| Russett | $415K | $435K | +4.8% |
| Maryland City | $475K | $475K | 0.0% |
Housing Supply in Maryland City, MD
How many homes are available in Maryland City, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 59 | -13.2% |
Summary: The Maryland City real estate market had 59 homes for sale in October 2024, a 13.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 43 | 32 | -25.6% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Maryland City 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 decreased by 12.5%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 14 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maryland City, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Maryland City in October 2024, down by 46.2% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +5.0% |
Summary: Homes in Maryland City had an average of 18 days on market in Oct 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maryland City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Maryland City; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
