Is Berwyn Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Berwyn Heights has remained a Seller's Market.
Key Takeaway
Berwyn Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berwyn Heights, MD
How much do homes in Berwyn Heights, MD cost?
Median Sold Price
$451,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Berwyn Heights have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Berwyn Heights was $451,500 in May 2024, up 7.5% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | - | N/A |
| 3 Bedrooms | $429.5K | $437.5K | +1.9% |
| 4 Bedrooms | $432.5K | $452.8K | +4.7% |
| 5+ Bedrooms | $499.9K | $520K | +4.0% |
Summary: Berwyn Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| College Park | $410K | $451K | +10.0% |
| Greenbelt | $226K | $244.7K | +8.3% |
| Berwyn Heights | $420K | $451.5K | +7.5% |
Housing Supply in Berwyn Heights, MD
How many homes are available in Berwyn Heights, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Berwyn Heights real estate market had 11 homes for sale in May 2024, a 57.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Berwyn Heights housing inventory by bedroom type for May 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 increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Berwyn Heights, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Berwyn Heights in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Berwyn Heights, MD
How long does it take to sell a home in Berwyn Heights, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 3 Days | -73.1% |
Summary: Homes in Berwyn Heights had an average of 3 days on market in May 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berwyn Heights are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Berwyn Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
