$950 Closing Credit*
$80,000
3 Beds
•2 Full Baths, 1 Partial
Adam M Shpritz, Listing Office: Ashland Auction Group LLC
Is Mondawmin, 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, Mondawmin was a Seller's Market.
Key Takeaway
Mondawmin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mondawmin, MD
How much do homes in Mondawmin, MD cost?
Median Sold Price
$70,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-6.7%)
Key Takeaway
Homes in Mondawmin have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Mondawmin was $70,000 in November 2024, down 6.7% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $27.5K | $38.5K | +40.0% |
| 3 Bedrooms | $65.5K | $79.7K | +21.8% |
| 4 Bedrooms | $154K | $80K | -48.1% |
| 5+ Bedrooms | $152.5K | $66K | -56.7% |
Summary: Mondawmin 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 40%, 3 bedroom homes increased by 21.8%, 4 bedroom homes decreased by 48.1%, and 5+ bedroom homes decreased by 56.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Parkview / Woodbrook | $72.5K | $78K | +7.6% |
| Mondawmin | $75K | $70K | -6.7% |
Housing Supply in Mondawmin, MD
How many homes are available in Mondawmin, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Mondawmin real estate market had 20 homes for sale in November 2024, a 17.6% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mondawmin 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 increased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 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 Mondawmin, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Mondawmin in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Mondawmin, MD
How long does it take to sell a home in Mondawmin, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 58 Days | -32.6% |
Summary: Homes in Mondawmin had an average of 58 days on market in Nov 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mondawmin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Mondawmin; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
