Is New Carrollton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Carrollton has remained a Seller's Market.
Housing Prices in New Carrollton, MD
How much do homes in New Carrollton, MD cost?
Median Sold Price
$337,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Carrollton was $337,500 in April 2024, up 5.5% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106.6K | $117.5K | +10.2% |
2 Bedrooms | $138.2K | $151K | +9.2% |
3 Bedrooms | $365K | $370K | +1.4% |
4 Bedrooms | $393.5K | $422.5K | +7.4% |
5+ Bedrooms | $435K | $470K | +8.0% |
Summary: New Carrollton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
New Carrollton | $320K | $337.5K | +5.5% |
Greenbelt | $236K | $240.7K | +2.0% |
Housing Supply in New Carrollton, MD
How many homes are available in New Carrollton, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 26 | -10.3% |
Summary: The New Carrollton real estate market had 26 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 4 | -42.9% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The New Carrollton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in New Carrollton in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for New Carrollton, MD
How long does it take to sell a home in New Carrollton, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 24 Days | -44.7% |
Summary: Homes in New Carrollton had an average of 24 days on market in Apr 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in New Carrollton; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.