$891 Closing Credit*
$75,000
994 SqFt
2 Beds
•1 Full Bath
Gavriel Khoshkheraman, Listing Office: Pickwick Realty
Is Penn North, 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, Penn North has remained a Buyer's Market.
Key Takeaway
Penn North is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Penn North, MD
How much do homes in Penn North, MD cost?
Median Sold Price
$77,000
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$925(-1.2%)
Key Takeaway
Homes in Penn North have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Penn North was $77,000 in November 2024, down 1.2% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $43K | $37K | -14.0% |
| 3 Bedrooms | $90.5K | $58.5K | -35.4% |
| 4 Bedrooms | $60K | $220K | +266.7% |
| 5+ Bedrooms | - | $96K | N/A |
Summary: Penn North 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 decreased by 14%, 3 bedroom homes decreased by 35.4%, 4 bedroom homes increased by 266.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Parkview / Woodbrook | $72.5K | $78K | +7.6% |
| Penn North | $77.9K | $77K | -1.2% |
Housing Supply in Penn North, MD
How many homes are available in Penn North, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Penn North real estate market had 12 homes for sale in November 2024, a 7.7% decrease 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Penn North 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 200%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penn North, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Penn North in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Penn North, MD
How long does it take to sell a home in Penn North, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 97 Days | 20 Days | -79.4% |
Summary: Homes in Penn North had an average of 20 days on market in Nov 2024, down by 79.4% 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 Penn North are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Penn North; 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.
