$3,978 Closing Credit*
$335,000
2,172 SqFt
3 Beds
•2 Full Baths, 2 Partial
SURYODAYA TIMSINA, Listing Office: Ghimire Homes
Is Nottingham, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$329,900
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,350(+12.8%)
Key Takeaway
Homes in Nottingham have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Nottingham was $329,900 in November 2024, up 12.8% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $177.5K | +10.9% |
| 2 Bedrooms | $220K | $228K | +3.6% |
| 3 Bedrooms | $296K | $330K | +11.5% |
| 4 Bedrooms | $409.9K | $411K | 0.3% |
| 5+ Bedrooms | $443.5K | $559.2K | +26.1% |
Summary: Nottingham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Cities
| Nottingham | $292.5K | $329.9K | +12.8% |
| Parkville | $288.3K | $304.5K | +5.6% |
| Perry Hall | $399K | $412K | +3.3% |
| Glen Arm | $605K | $605K | 0.0% |
Housing Supply in Nottingham, MD
How many homes are available in Nottingham, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 | 98 | -9.3% |
Summary: The Nottingham real estate market had 98 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 65 | 59 | -9.2% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Nottingham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nottingham, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Nottingham in November 2024, down by 16.7% month-over-month. Of the 35 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 15 Days | +23.2% |
Summary: Homes in Nottingham had an average of 15 days on market in Nov 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 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 November 2024, 35 homes were sold in Nottingham; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
