$4,572 Closing Credit*
$385,000
1,340 SqFt
3 Beds
•2 Full Baths, 2 Partial
Towania S Riller, Listing Office: Long & Foster Real Estate, Inc.
Is Suitland, 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, Suitland has remained a Seller's Market.
Key Takeaway
Suitland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Suitland, MD
How much do homes in Suitland, MD cost?
Median Sold Price
$325,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,000(-0.9%)
Key Takeaway
Homes in Suitland have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Suitland was $325,000 in November 2024, down 0.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $90K | -14.3% |
| 2 Bedrooms | $152.5K | $145K | -4.9% |
| 3 Bedrooms | $325K | $338K | +4.0% |
| 4 Bedrooms | $390K | $358.7K | -8.0% |
| 5+ Bedrooms | $420K | $399.9K | -4.8% |
Summary: Suitland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in Suitland, MD
How many homes are available in Suitland, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The Suitland real estate market had 47 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Suitland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suitland, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Suitland in November 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 15 Days | -28.1% |
Summary: Homes in Suitland had an average of 15 days on market in Nov 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Suitland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Suitland; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
