Is Sparrows Point, 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, Sparrows Point has remained a Seller's Market.
Housing Prices in Sparrows Point, MD
How much do homes in Sparrows Point, MD cost?
Median Sold Price
$386,500
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sparrows Point was $386,500 in April 2024, up 5.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $230K | -24.6% |
2 Bedrooms | $232.9K | $212K | -9.0% |
3 Bedrooms | $347.5K | $349.9K | +0.7% |
4 Bedrooms | $402.5K | $421.9K | +4.8% |
5+ Bedrooms | $365K | $452.4K | +24.0% |
Summary: Sparrows Point housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 24%.
Housing Supply in Sparrows Point, MD
How many homes are available in Sparrows Point, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Summary: The Sparrows Point real estate market had 26 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sparrows Point housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Sparrows Point in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Sparrows Point, MD
How long does it take to sell a home in Sparrows Point, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 28 Days | -43.4% |
Summary: Homes in Sparrows Point had an average of 28 days on market in Apr 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Sparrows Point; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.