$9,470 Closing Credit*
$797,500
1,720 SqFt
4 Beds
•2 Full Baths
Marc S Luger, Listing Office: Keller Williams Capital Properties
Is Piney Point, 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, Piney Point has remained a Seller's Market.
Key Takeaway
Piney Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piney Point, MD
How much do homes in Piney Point, MD cost?
Median Sold Price
$377,450
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,050(-8.5%)
Key Takeaway
Homes in Piney Point have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in Piney Point was $377,450 in November 2024, down 8.5% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $545K | $277K | -49.2% |
| 3 Bedrooms | $375K | $385K | +2.7% |
| 4 Bedrooms | $402.5K | $664.9K | +65.2% |
| 5+ Bedrooms | $758K | $829K | +9.4% |
Summary: Piney Point 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 49.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in Piney Point, MD
How many homes are available in Piney Point, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Piney Point real estate market had 8 homes for sale in November 2024, a 11.1% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 1 | -75.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Piney Point 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 50%, 3 bedroom homes decreased by 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piney Point, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Piney Point in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Piney Point, MD
How long does it take to sell a home in Piney Point, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 57 Days | +2750.0% |
Summary: Homes in Piney Point had an average of 57 days on market in Nov 2024, up by 2750% 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 Piney Point has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Piney Point; 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.
