$4,986 Closing Credit*
$419,900
1,512 SqFt
3 Beds
•2 Full Baths
Alexandra I Burrell-Hodges, Listing Office: Cottage Street Realty LLC
Is Wheaton, 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, Wheaton has remained a Seller's Market.
Key Takeaway
Wheaton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wheaton, MD
How much do homes in Wheaton, MD cost?
Median Sold Price
$535,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,000(+1.9%)
Key Takeaway
Homes in Wheaton have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Wheaton was $535,000 in December 2024, up 1.9% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | - | N/A |
| 2 Bedrooms | $393.5K | $397K | +0.9% |
| 3 Bedrooms | $500K | $525K | +5.0% |
| 4 Bedrooms | $553.5K | $552.7K | -0.1% |
| 5+ Bedrooms | $572.7K | $594.9K | +3.9% |
Summary: Wheaton 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 increased by 0.9%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Kensington Heights | $650K | $855K | +31.5% |
| North Kensington | $620.7K | $680K | +9.5% |
| Wheaton Hills | $489.2K | $527K | +7.7% |
| Rock Creek Palisades | $655K | $702.5K | +7.3% |
| Wheaton | $525K | $535K | +1.9% |
Housing Supply in Wheaton, MD
How many homes are available in Wheaton, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 78 | 53 | -32.1% |
Summary: The Wheaton real estate market had 53 homes for sale in December 2024, a 32.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 24 | 17 | -29.2% |
| 4 Bedrooms | 26 | 15 | -42.3% |
| 5+ Bedrooms | 21 | 15 | -28.6% |
Summary: The Wheaton 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 decreased by 16.7%, 3 bedroom homes decreased by 29.2%, 4 bedroom homes decreased by 42.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 | 18 | -41.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wheaton, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Wheaton in December 2024, down by 41.9% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.
Days on Market for Wheaton, MD
How long does it take to sell a home in Wheaton, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +1.3% |
Summary: Homes in Wheaton had an average of 28 days on market in Dec 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wheaton are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 18 homes were sold in Wheaton; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
