$595,000
0.41 Acres
Land
Paul S Hillstrom, Listing Office: Hillstrom Real Estate
Is Travilah, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Travilah has remained a Seller's Market.
Key Takeaway
Travilah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Travilah, MD
How much do homes in Travilah, MD cost?
Median Sold Price
$1,637,500
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$103,000(+6.7%)
Key Takeaway
Homes in Travilah have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Travilah was $1,637,500 in December 2024, up 6.7% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $862.5K | $810K | -6.1% |
| 4 Bedrooms | $1.3M | $1.3M | -0.3% |
| 5+ Bedrooms | $1.7M | $1.8M | 0.4% |
Summary: Travilah housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in Travilah, MD
How many homes are available in Travilah, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 35 | 31 | -11.4% |
Summary: The Travilah real estate market had 31 homes for sale in December 2024, a 11.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The Travilah housing inventory by bedroom type for December 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 28.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Travilah, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Travilah in December 2024, up by 37.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Travilah, MD
How long does it take to sell a home in Travilah, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 112 Days | +383.9% |
Summary: Homes in Travilah had an average of 112 days on market in Dec 2024, up by 383.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Travilah are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 11 homes were sold in Travilah; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
