$10,000 Closing Credit*
$845,000
3,409 SqFt
4 Beds
•4 Full Baths, 1 Partial
Jessica Almodovar, Listing Office: RE/MAX Realty Plus
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 October 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
$635,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$79,000(+14.2%)
Key Takeaway
Homes in Villages of Urbana have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Villages of Urbana was $635,000 in October 2024, up 14.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $379.9K | $525K | +38.2% |
| 3 Bedrooms | $507.5K | $537.5K | +5.9% |
| 4 Bedrooms | $690K | $685.5K | -0.7% |
| 5+ Bedrooms | $871.2K | $960K | +10.2% |
Summary: Villages of Urbana housing prices by bedroom type for October 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 5.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in Villages of Urbana, MD
How many homes are available in Villages of Urbana, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Villages of Urbana real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Villages of Urbana housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Villages of Urbana, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Villages of Urbana in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 24 Days | +471.7% |
Summary: Homes in Villages of Urbana had an average of 24 days on market in Oct 2024, up by 471.7% compared to last year.
Breakdown of Home Sale Times
5 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 Villages of Urbana are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Villages of Urbana; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
