$4,691 Closing Credit*
$395,000
1,496 SqFt
2 Beds
•2 Full Baths, 1 Partial
Thang D Nguyen, Listing Office: Blufin Realty, LLC.
Is Maryland City, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$480,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$5,000(-1.0%)
Key Takeaway
Homes in Maryland City have sold for 1% less than they did a year ago.
Summary: The median home sold price in Maryland City was $480,000 in December 2024, down 1% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $319.9K | +1.6% |
| 3 Bedrooms | $485K | $491.5K | +1.3% |
| 4 Bedrooms | $551.3K | $499.9K | -9.3% |
| 5+ Bedrooms | $475K | $570.5K | +20.1% |
Summary: Maryland City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Neighborhoods
| South Laurel | $450K | $505K | +12.2% |
| Russett | $428K | $441.9K | +3.3% |
| Maryland City | $485K | $480K | -1.0% |
Housing Supply in Maryland City, MD
How many homes are available in Maryland City, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 66 | 67 | +1.5% |
Summary: The Maryland City real estate market had 67 homes for sale in December 2024, a 1.5% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 48 | 49 | +2.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Maryland City housing inventory by bedroom type for December 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 2.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 31 | +158.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maryland City, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Maryland City in December 2024, up by 158.3% month-over-month. Of the 31 sold homes, 19% were sold under asking, 35% were sold at asking, and 45% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 29 Days | 16 Days | -42.3% |
Summary: Homes in Maryland City had an average of 16 days on market in Dec 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 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 December 2024, 31 homes were sold in Maryland City; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
