$3,551 Closing Credit*
$299,000
1,620 SqFt
3 Beds
•2 Full Baths
Stephany A Barrett, Listing Office: Long & Foster Real Estate, Inc.
Is Preston, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Preston was a Buyer's Market.
Key Takeaway
Preston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Preston, MD
How much do homes in Preston, MD cost?
Median Sold Price
$287,500
$211/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$87,500(+43.8%)
Key Takeaway
Homes in Preston have sold for 43.8% more than they did a month ago.
Summary: The median home sold price in Preston was $287,500 in November 2024, up 43.8% from last month, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | - | N/A |
| 3 Bedrooms | - | $280K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $405K | N/A |
Summary: Preston housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Preston, MD
How many homes are available in Preston, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Preston real estate market had 16 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Preston 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Preston, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Preston in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Preston, MD
How long does it take to sell a home in Preston, MD?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 21 Days | -26.7% |
Summary: Homes in Preston had an average of 21 days on market in Nov 2024, down by 26.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Preston are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Preston; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
