$4,513 Closing Credit*
$380,000
1,080 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kymber L Lovett-Menkiti, Listing Office: Keller Williams Capital Properties
Is Mitchellville, 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, Mitchellville has remained a Seller's Market.
Key Takeaway
Mitchellville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mitchellville, MD
How much do homes in Mitchellville, MD cost?
Median Sold Price
$532,500
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$67,500(+14.5%)
Key Takeaway
Homes in Mitchellville have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Mitchellville was $532,500 in December 2024, up 14.5% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $239.8K | N/A |
| 2 Bedrooms | $310K | $307.5K | -0.8% |
| 3 Bedrooms | $360K | $381K | +5.8% |
| 4 Bedrooms | $537.5K | $575K | +7.0% |
| 5+ Bedrooms | $620K | $650K | +4.8% |
Summary: Mitchellville 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 decreased by 0.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in Mitchellville, MD
How many homes are available in Mitchellville, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Mitchellville real estate market had 19 homes for sale in December 2024, a 13.6% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Mitchellville 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mitchellville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mitchellville in December 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Mitchellville, MD
How long does it take to sell a home in Mitchellville, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 12 Days | 51 Days | +315.1% |
Summary: Homes in Mitchellville had an average of 51 days on market in Dec 2024, up by 315.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mitchellville are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Mitchellville; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
