$4,038 Closing Credit*
$340,000
1,360 SqFt
3 Beds
•2 Full Baths
Beth Bearinger, Listing Office: Keller Williams Gateway LLC
Is Nottingham, 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, Nottingham has remained a Seller's Market.
Key Takeaway
Nottingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nottingham, MD
How much do homes in Nottingham, MD cost?
Median Sold Price
$320,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,450(+9.4%)
Key Takeaway
Homes in Nottingham have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Nottingham was $320,000 in October 2024, up 9.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $177.5K | +10.9% |
| 2 Bedrooms | $217.5K | $228K | +4.8% |
| 3 Bedrooms | $295K | $325K | +10.2% |
| 4 Bedrooms | $399K | $411K | +3.0% |
| 5+ Bedrooms | $475K | $543K | +14.3% |
Summary: Nottingham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Nottingham | $292.5K | $320K | +9.4% |
| Parkville | $280K | $305K | +8.9% |
| Perry Hall | $400K | $410K | +2.5% |
| Glen Arm | $590K | $605K | +2.5% |
| White Marsh | $545K | $427.5K | -21.6% |
Housing Supply in Nottingham, MD
How many homes are available in Nottingham, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 113 | +13.0% |
Summary: The Nottingham real estate market had 113 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 57 | 69 | +21.1% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Nottingham 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 decreased by 10%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 41 | +64.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nottingham, you may be able to get a good deal. 36.6% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Nottingham in October 2024, up by 64.0% month-over-month. Of the 41 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.
Days on Market for Nottingham, MD
How long does it take to sell a home in Nottingham, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 19 Days | +17.7% |
Summary: Homes in Nottingham had an average of 19 days on market in Oct 2024, up by 17.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nottingham are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in Nottingham; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
