Is New Carrollton, 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, New Carrollton has remained a Seller's Market.
Key Takeaway
New Carrollton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Carrollton, MD
How much do homes in New Carrollton, MD cost?
Median Sold Price
$327,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Carrollton have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in New Carrollton was $327,500 in May 2024, down 3.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103K | $122.5K | +18.9% |
| 2 Bedrooms | $140K | $150K | +7.1% |
| 3 Bedrooms | $372.5K | $370K | -0.7% |
| 4 Bedrooms | $393.5K | $422.5K | +7.4% |
| 5+ Bedrooms | $432.5K | $460K | +6.4% |
Summary: New Carrollton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Greenbelt | $226K | $244.7K | +8.3% |
| New Carrollton | $340K | $327.5K | -3.7% |
Housing Supply in New Carrollton, MD
How many homes are available in New Carrollton, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The New Carrollton real estate market had 24 homes for sale in May 2024, a 4.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The New Carrollton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Carrollton, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in New Carrollton in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for New Carrollton, MD
How long does it take to sell a home in New Carrollton, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 38 Days | +141.1% |
Summary: Homes in New Carrollton had an average of 38 days on market in May 2024, up by 141.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Carrollton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in New Carrollton; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
