Is White Plains, 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, White Plains has remained a Seller's Market.
Key Takeaway
White Plains is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in White Plains, MD
How much do homes in White Plains, MD cost?
Median Sold Price
$470,000
$182/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in White Plains has remained the same since last year.
Summary: The median home sold price in White Plains was $470,000 in May 2024, the same as last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $352K | $408K | +15.9% |
| 3 Bedrooms | $445K | $439K | -1.3% |
| 4 Bedrooms | $519K | $550K | +6.0% |
| 5+ Bedrooms | $550K | $601.1K | +9.3% |
Summary: White Plains 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 15.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| La Plata | $427.4K | $452.4K | +5.8% |
| White Plains | $470K | $470K | 0.0% |
Housing Supply in White Plains, MD
How many homes are available in White Plains, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 80 | -1.2% |
Summary: The White Plains real estate market had 80 homes for sale in May 2024, a 1.2% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 41 | 39 | -4.9% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The White Plains 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 100%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in White Plains, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in White Plains in May 2024, down by 11.8% month-over-month. Of the 15 sold homes, 20% were sold under asking, 27% were sold at asking, and 53% were sold over asking.
Days on Market for White Plains, MD
How long does it take to sell a home in White Plains, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 26 Days | -6.9% |
Summary: Homes in White Plains had an average of 26 days on market in May 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in White Plains are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in White Plains; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
