$7,719 Closing Credit*
$650,000
3,728 SqFt
4 Beds
•3 Full Baths, 1 Partial
John G Allen, Listing Office: Taylor Properties
Is Mitchellville, 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, 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
$530,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+9.3%)
Key Takeaway
Homes in Mitchellville have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Mitchellville was $530,000 in October 2024, up 9.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $239.8K | N/A |
| 2 Bedrooms | $305K | $310K | +1.6% |
| 3 Bedrooms | $354.2K | $402.5K | +13.6% |
| 4 Bedrooms | $537.5K | $577K | +7.3% |
| 5+ Bedrooms | $620K | $637.5K | +2.8% |
Summary: Mitchellville 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 1.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in Mitchellville, MD
How many homes are available in Mitchellville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Mitchellville real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mitchellville 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mitchellville, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mitchellville in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 32 Days | +40.0% |
Summary: Homes in Mitchellville had an average of 32 days on market in Oct 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
3 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 Mitchellville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Mitchellville; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
