$1,068 Closing Credit*
$89,900
3 Beds
•1 Full Bath
Martin A Saunders, Listing Office: Advance Realty, Inc.
Is Mondawmin, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mondawmin was a Seller's Market.
Key Takeaway
Mondawmin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mondawmin, MD
How much do homes in Mondawmin, MD cost?
Median Sold Price
$70,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, down 6.7% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $27.5K | $38.5K | +40.0% |
| 3 Bedrooms | $66K | $75.8K | +15.0% |
| 4 Bedrooms | $186.5K | $87.9K | -52.8% |
| 5+ Bedrooms | $152.5K | - | N/A |
Summary: Mondawmin 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 40%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 52.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Parkview / Woodbrook | $76.2K | $87.5K | +14.8% |
| Mondawmin | $75K | $70K | -6.7% |
Housing Supply in Mondawmin, MD
How many homes are available in Mondawmin, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Mondawmin real estate market had 20 homes for sale in October 2024, a 5.3% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mondawmin 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 increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mondawmin, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Mondawmin in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +30.2% |
Summary: Homes in Mondawmin had an average of 28 days on market in Oct 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mondawmin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Mondawmin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
