$3,680 Closing Credit*
$309,888
1,138 SqFt
2 Beds
•2 Full Baths
Robert H Rodman, Listing Office: Long & Foster Real Estate, Inc.
Is Redland, 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, Redland has remained a Seller's Market.
Key Takeaway
Redland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redland, MD
How much do homes in Redland, MD cost?
Median Sold Price
$574,050
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,950(-2.5%)
Key Takeaway
Homes in Redland have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Redland was $574,050 in November 2024, down 2.5% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $680K | - | N/A |
| 2 Bedrooms | $290K | $296K | +2.1% |
| 3 Bedrooms | $465K | $500K | +7.5% |
| 4 Bedrooms | $635K | $643.5K | +1.3% |
| 5+ Bedrooms | $680K | $714.2K | +5.0% |
Summary: Redland 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 increased by 2.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 5%.
Housing Supply in Redland, MD
How many homes are available in Redland, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 52 | -5.5% |
Summary: The Redland real estate market had 52 homes for sale in November 2024, a 5.5% 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 | 28 | 24 | -14.3% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Redland 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redland, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Redland in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Redland, MD
How long does it take to sell a home in Redland, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 25 Days | +1.0% |
Summary: Homes in Redland had an average of 25 days on market in Nov 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Redland; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
