$10,000 Closing Credit*
$1,000,000
4,688 SqFt
6 Beds
•4 Full Baths, 1 Partial
Allen Robert Reynolds, Listing Office: Epique Realty
Is Villages of Urbana, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Villages of Urbana has remained a Seller's Market.
Key Takeaway
Villages of Urbana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Villages of Urbana, MD
How much do homes in Villages of Urbana, MD cost?
Median Sold Price
$625,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$95,000(+17.9%)
Key Takeaway
Homes in Villages of Urbana have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Villages of Urbana was $625,000 in August 2024, up 17.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $379.9K | $525K | +38.2% |
| 3 Bedrooms | $502.5K | $525K | +4.5% |
| 4 Bedrooms | $670K | $645K | -3.7% |
| 5+ Bedrooms | $865K | $935K | +8.1% |
Summary: Villages of Urbana housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in Villages of Urbana, MD
How many homes are available in Villages of Urbana, MD?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Villages of Urbana real estate market had 21 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Villages of Urbana housing inventory by bedroom type for August 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 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Villages of Urbana, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Villages of Urbana in August 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Villages of Urbana, MD
How long does it take to sell a home in Villages of Urbana, MD?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 7 Days | 18 Days | +148.9% |
Summary: Homes in Villages of Urbana had an average of 18 days on market in Aug 2024, up by 148.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Villages of Urbana are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 9 homes were sold in Villages of Urbana; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
