$5,463 Closing Credit*
$460,000
3,072 SqFt
4 Beds
•3 Full Baths
Charnise Calhoun Carter, Listing Office: Realty One Group Performance, LLC
Is Suitland, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Suitland was a Seller's Market.
Key Takeaway
Suitland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Suitland, MD
How much do homes in Suitland, MD cost?
Median Sold Price
$325,000
$224/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Suitland has remained the same since last year.
Summary: The median home sold price in Suitland was $325,000 in October 2024, the same as last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $105K | -22.2% |
| 2 Bedrooms | $152.5K | $137.5K | -9.8% |
| 3 Bedrooms | $320K | $337K | +5.3% |
| 4 Bedrooms | $388.5K | $366.2K | -5.7% |
| 5+ Bedrooms | $415K | $417.9K | +0.7% |
Summary: Suitland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in Suitland, MD
How many homes are available in Suitland, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Summary: The Suitland real estate market had 49 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 26 | 31 | +19.2% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Suitland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Suitland, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Suitland in October 2024, down by 50.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Suitland, MD
How long does it take to sell a home in Suitland, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +10.5% |
Summary: Homes in Suitland had an average of 28 days on market in Oct 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Suitland has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Suitland; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
