Upper Marlboro MD 20772 Real Estate Market Report-March 2019

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Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

         Upper Marlboro MD zip code 20772 Real Estate Market Report-March 2019

 

Are you in the market or going to be in the market to buy a house in PG County MD in an area like Upper Marlboro 20772? Or are you thinking about selling your house in Upper Marlboro MD 20772? If so this market report would provide pertinent information that should help you with your home buying and/or home selling decision within the next 3-6 months. What is a Real Estate Market Report? A real estate market report is a monthly barometer to gauge the real estate market activity in a local area.

 

This information reported in this monthly real estate market report does not just include single family homes. It also includes statistics for townhouses, and condos. 

 

Upper Marlboro MD 20772 Real Estate Market Report

 

  • Median sold price of a home that sold in Upper Marlboro MD 20772 in March 2019 was $330,000. That is up 24.65% from March 2018 when the median sold price was $265,000.
  • 65 Homes for sale were sold in that area in March 2019 which was the same amount of homes sold in March 2018.
  • Average days on the market of a house sold in that area was 94 days. It took a little longer to sell a house in that area in March 2018-106 days.
  • Ratio of Avg SP to Avg OLP in that area in March 2019 was 98.4%. That is up 2.15% from March 2018 when it was 96.3%

 

  • 25 of the home buyers used a Conventional loan to purchase a house in that area.
  • 23 home buyers used a FHA loan to purchase a house in that area in March 2019.
  • 12 of the home buyers used a VA loan to purchase a house in that area in March 2019.
  • 2 home buyers brought a house with CASH.
  • 3 of the home buyers used a other kind of financing to buy their house.
  • 41 out of the 65 houses that were sold in that area sold in 90 days or less.
  • 34 out of the 65 houses that were sold in that area sold in 60 days or less.
  • 20 houses out of the 65 houses that were sold in that area sold in 30 days or less.
  • 15 houses out of the 65 sold houses in that area sold within 20 days or less.
  • 9 houses out of the 65 sold houses in that area sold within 10 days or less.
  • And 4 houses sold as soon as it hit the market in that area.

 

  • Home buyers are buying houses in Upper Marlboro MD especially in the $200,000-$499,999 price range.
  • Conventional loans is still the most popular loan product among Upper Marlboro MD home buyers.
  • Home sellers are selling their houses at 98.4% of list price. That shows that home owners are pricing their house right according to their local real estate market.
  • The average rate for a 30-year fixed mortgage is 4.04 percent, up 5 basis points from a week ago. A month ago, the average rate on a 30-year fixed mortgage was higher, at 4.16 percent. So if you are looking to buy a house NOW would be the time. Mortgage rates move higher for Tuesday

 

You can also Search Upper Marlboro MD New Construction Homes in the $400,000 price range here

 

 

 

 

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Home Buying
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Maryland Prince George's County Upper Marlboro
Tags:
upper marlboro md homes for sale
upper marlboro md 20772 zip code real estate market report
upper marlboro md new construction homes

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Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good evening Lanre-"THE REAL ESTATE FARMER" Folayan 

Thank you for sharing your real estate market report with us

Have a great night.

May 21, 2019 06:45 PM #1
Rainmaker
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Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Good job with the market reports, and I hope it's bringing you lots of business.

May 23, 2019 09:48 PM #2
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Rainmaker
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Lanre-"THE REAL ESTATE FARMER" Folayan

I don't make promises.I deliver results.SOLD HOMES
Are you in the market to buy or sell your house? Call me now.
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