Is Bladensburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Bladensburg has remained a Seller's Market.
Key Takeaway
Bladensburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bladensburg, MD
How much do homes in Bladensburg, MD cost?
Median Sold Price
$295,000
$260/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Bladensburg have sold for 31% less than they did a month ago.
Summary: The median home sold price in Bladensburg was $295,000 in May 2024, down 31% from last month, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $350K | $325K | -7.1% |
| 4 Bedrooms | $440K | $265K | -39.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Bladensburg housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 39.8%, and 5+ bedroom homes did not change.
Housing Supply in Bladensburg, MD
How many homes are available in Bladensburg, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Bladensburg real estate market had 7 homes for sale in May 2024, a 22.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Bladensburg 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 increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bladensburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bladensburg in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bladensburg, MD
How long does it take to sell a home in Bladensburg, MD?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 31 Days | +158.3% |
Summary: Homes in Bladensburg had an average of 31 days on market in May 2024, up by 158.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bladensburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Bladensburg; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
