Home Prices in Waldorf MD for November 2015
Real estate market data for Waldorf, MD provided by Rich Thomas of Keller Williams Select Realtors.
Waldorf MD Home Prices
We have seen big gain in new pending sales with an increase in new listings home prices in Waldorf and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Waldorf but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Waldorf home on which you are making an offer.
If you are interested in how much current inventory is on the market in Waldorf you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Waldorf, homes have a median time of 28 days on the market before they sell. This would suggest that buyers are in a fair position to make a fair offer on a home but may find competition on homes that are priced correctly. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Waldorf has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
The median list price in November for single family homes in Waldorf is $286,500. The list prices increased by 3.4% from the previous month.
The median sale price in November for single family homes is $318,717. The sale prices increased by 4.16% from the previous month.
Find Homes for Sale in Waldorf MD
Visit my website to or to be notified when Waldorf homes come on the market.
To find out what you home is worth in the current market email me or call 240-463-3706.