$10,000 Closing Credit*
$1,300,000
7,330 SqFt
5 Beds
•5 Full Baths, 1 Partial
Marcus Young, Listing Office: Elite
Is Upper Marlboro, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Upper Marlboro has remained a Seller's Market.
Key Takeaway
Upper Marlboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Marlboro, MD
How much do homes in Upper Marlboro, MD cost?
Median Sold Price
$449,571
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$18,834(-4.0%)
Key Takeaway
Homes in Upper Marlboro have sold for 4% less than they did a year ago.
Summary: The median home sold price in Upper Marlboro was $449,571 in October 2024, down 4% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $168.2K | +20.2% |
| 2 Bedrooms | $300K | $295K | -1.7% |
| 3 Bedrooms | $463.8K | $445K | -4.1% |
| 4 Bedrooms | $505K | $505.5K | 0.1% |
| 5+ Bedrooms | $700K | $700K | 0.0% |
Summary: Upper Marlboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes did not change.
Housing Supply in Upper Marlboro, MD
How many homes are available in Upper Marlboro, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 331 | 349 | +5.4% |
Summary: The Upper Marlboro real estate market had 349 homes for sale in October 2024, a 5.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 62 | 60 | -3.2% |
| 3 Bedrooms | 111 | 112 | +0.9% |
| 4 Bedrooms | 91 | 98 | +7.7% |
| 5+ Bedrooms | 59 | 69 | +16.9% |
Summary: The Upper Marlboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 90 | +2.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Marlboro, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 90 homes were sold or pending in Upper Marlboro in October 2024, up by 2.3% month-over-month. Of the 90 sold homes, 27% were sold under asking, 34% were sold at asking, and 39% were sold over asking.
Days on Market for Upper Marlboro, MD
How long does it take to sell a home in Upper Marlboro, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 32 Days | +52.8% |
Summary: Homes in Upper Marlboro had an average of 32 days on market in Oct 2024, up by 52.8% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Marlboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 90 homes were sold in Upper Marlboro; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
