$1,009 Closing Credit*
$85,000
1,266 SqFt
3 Beds
•1 Full Bath
Keith G Briscoe, Listing Office: CENTURY 21 New Millennium
Is Penn North, 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, 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
$80,000
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,750(+12.3%)
Key Takeaway
Homes in Penn North have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Penn North was $80,000 in October 2024, up 12.3% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $43K | $37K | -14.0% |
| 3 Bedrooms | $86K | $66K | -23.3% |
| 4 Bedrooms | $55K | $226K | +310.9% |
| 5+ Bedrooms | - | $96K | N/A |
Summary: Penn North 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 decreased by 14%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes increased by 310.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Parkview / Woodbrook | $76.2K | $87.5K | +14.8% |
| Penn North | $71.2K | $80K | +12.3% |
Housing Supply in Penn North, MD
How many homes are available in Penn North, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Penn North real estate market had 15 homes for sale in October 2024, a 6.3% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Penn North 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 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Penn North, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Penn North in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 52 Days | +191.7% |
Summary: Homes in Penn North had an average of 52 days on market in Oct 2024, up by 191.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Penn North has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Penn North; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
