Is La Plata, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, La Plata was a Seller's Market.
Housing Prices in La Plata, MD
How much do homes in La Plata, MD cost?
Median Sold Price
$452,490
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Plata was $452,490 in May 2024, up 5.8% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $309.9K | $320K | +3.2% |
3 Bedrooms | $379.4K | $402.9K | +6.2% |
4 Bedrooms | $499.9K | $490K | -2.0% |
5+ Bedrooms | $545K | $568.9K | +4.4% |
Summary: La Plata 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 increased by 3.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
La Plata | $427.4K | $452.4K | +5.8% |
White Plains | $470K | $470K | 0.0% |
Port Tobacco | $560K | $511.9K | -8.6% |
Housing Supply in La Plata, MD
How many homes are available in La Plata, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 153 | +27.5% |
Summary: The La Plata real estate market had 153 homes for sale in May 2024, a 27.5% 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 | 12 | 16 | +33.3% |
3 Bedrooms | 41 | 51 | +24.4% |
4 Bedrooms | 48 | 66 | +37.5% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The La Plata 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 33.3%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 17 | -37.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in La Plata in May 2024, down by 37.0% month-over-month. Of the 17 sold homes, 18% were sold under asking, 35% were sold at asking, and 47% were sold over asking.
Days on Market for La Plata, MD
How long does it take to sell a home in La Plata, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 10 Days | -63.8% |
Summary: Homes in La Plata had an average of 10 days on market in May 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in La Plata; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.