Is Mountain Lake Park, 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, Mountain Lake Park was a Seller's Market.
Housing Prices in Mountain Lake Park, MD
How much do homes in Mountain Lake Park, MD cost?
Median Sold Price
$215,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mountain Lake Park was $215,000 in May 2024, up 16.2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $124.5K | N/A |
3 Bedrooms | $179.9K | $232.4K | +29.2% |
4 Bedrooms | $191.2K | $200K | +4.6% |
5+ Bedrooms | - | $297K | N/A |
Summary: Mountain Lake Park 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 29.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.
Housing Supply in Mountain Lake Park, MD
How many homes are available in Mountain Lake Park, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Summary: The Mountain Lake Park real estate market had 9 homes for sale in May 2024, a 28.6% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mountain Lake Park 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 increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mountain Lake Park in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mountain Lake Park, MD
How long does it take to sell a home in Mountain Lake Park, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 24 Days | +41.2% |
Summary: Homes in Mountain Lake Park had an average of 24 days on market in May 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Mountain Lake Park; 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.