$1,888 Closing Credit*
$159,000
812 SqFt
2 Beds
•2 Full Baths, 1 Partial
Alex B Fox, Listing Office: Allfirst Realty, Inc.
Is Morrell Park, 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, Morrell Park was a Seller's Market.
Key Takeaway
Morrell Park 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 Morrell Park, MD
How much do homes in Morrell Park, MD cost?
Median Sold Price
$130,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+8.3%)
Key Takeaway
Homes in Morrell Park have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Morrell Park was $130,000 in November 2024, up 8.3% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $104K | $126.9K | +22.1% |
| 3 Bedrooms | $136.2K | $128K | -6.0% |
| 4 Bedrooms | $210K | $151K | -28.1% |
| 5+ Bedrooms | $188.5K | $215K | +14.1% |
Summary: Morrell Park 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 22.1%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in Morrell Park, MD
How many homes are available in Morrell Park, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Morrell Park real estate market had 18 homes for sale in November 2024, a 38.5% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morrell Park 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 decreased by 14.3%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 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 Morrell Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Morrell Park in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Morrell Park, MD
How long does it take to sell a home in Morrell Park, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +16.3% |
Summary: Homes in Morrell Park had an average of 30 days on market in Nov 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrell Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Morrell Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
