$3,432 Closing Credit*
$289,000
1,198 SqFt
2 Beds
•1 Full Bath
Mary B Widomski, Listing Office: Cummings & Co. Realtors
Is Roland Park, 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, Roland Park has remained a Seller's Market.
Key Takeaway
Roland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roland Park, MD
How much do homes in Roland Park, MD cost?
Median Sold Price
$825,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$200,000(+32.0%)
Key Takeaway
Homes in Roland Park have sold for 32% more than they did a year ago.
Summary: The median home sold price in Roland Park was $825,000 in November 2024, up 32% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.2K | $109K | -27.0% |
| 2 Bedrooms | $185.2K | $232K | +25.2% |
| 3 Bedrooms | $330K | $880K | +166.7% |
| 4 Bedrooms | $610K | $825K | +35.2% |
| 5+ Bedrooms | $799.5K | $875K | +9.4% |
Summary: Roland Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 166.7%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Roland Park | $625K | $825K | +32.0% |
| North | $269.9K | $275.3K | +2.0% |
Housing Supply in Roland Park, MD
How many homes are available in Roland Park, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Roland Park real estate market had 10 homes for sale in November 2024, a 28.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Roland Park 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 remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roland Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Roland Park in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Roland Park, MD
How long does it take to sell a home in Roland Park, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 44 Days | +89.9% |
Summary: Homes in Roland Park had an average of 44 days on market in Nov 2024, up by 89.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Roland Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Roland Park; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
