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Piney Orchard Real Estate Update

By
Real Estate Agent with The Roskelly Team MD DLLR#574160

The Piney Orchard real estate market remains one of the strongest in Anne Arundel county with most properties selling within two weeks.  Property values have increased 6% compared to the same period last year and the gloom and doom predicted for the market hasn't hit here.  The increase in pricing comes at what should be one of the softest sales months of the year.  However, there simply isn't enough inventory to satisfy the number of home buyers that want to call Piney Orchard their home.  

We are seeing some concessions creep back in as home sellers, used to the frenetic market are getting a little bit nervous and are willing to negotiate a bit.  Our most recent Piney Orchard listing on Cedar Elm Drive went under contract in just 6 days.  And it's the best time we've had to buy in a long time if you need a little help with closing costs!
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Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1005 Railbed Dr 3 3 2,152 $495,000 $230 1 day
626 Trout Run Ct 3 3 2,082 $489,000 $234 13 days
2540 Piney Pass Way 3 4 1,534 $474,900 $309 54 days
2820 Settlers View Dr 3 4 1,584 $460,000 $290 3 days
8734 Orchard Green Ct 3 3 1,490 $380,000 $255 13 days
8714 Aspen Grove Ct 2 3 1,548 $375,000 $242 7 days
2606 Hoods Mill Ct Unit #302 2 2 1,610 $345,000 $214 80 days
2604 Clarion Ct Unit #302 2 2 1,606 $339,900 $211 41 days
2493 Amber Orchard Ct E Unit #201 2 2 1,392 $339,000 $243 42 days
8706 Natures Trail Ct Unit #201 2 2 1,126 $309,900 $275 27 days
2454 Apple Blossom Ln Unit #204 2 2 1,034 $299,900 $290 11 days
2706 Oak Leaf Ct Unit #C 2 3 1,368 $299,900 $219 86 days
Average: 2.4 2.8 1,543 $383,958 $251 31 days
Viewing 1 - 12 of 12
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2460 Jostaberry Way 4 4 1,678 $515,000 $306 13 days
2503 Running Wolf Trl 3 4 2,016 $475,000 $235 61 days
2837 Piscataway Run Dr 3 3 1,504 $450,000 $299 11 days
2668 Cedar Elm Dr 3 4 1,302 $425,000 $326 6 days
2409 Warm Spring Way 3 3 1,240 $424,900 $342 6 days
752 Pine Drift Dr 3 4 1,240 $408,900 $329 28 days
8709 Green Clover Ct 3 2 1,490 $399,999 $268 23 days
1005 Samantha Ln Unit #402 2 2 1,608 $365,000 $226 6 days
8742 Aspen Grove Ct 2 2 1,422 $330,000 $232 4 days
2400 Chestnut Terrace Ct Unit #202 2 2 1,402 $325,000 $231 45 days
2504 Amber Orchard Ct W Unit #101 2 2 1,387 $321,900 $232 4 days
8706 Natures Trail Ct Unit #304 2 2 1,126 $305,000 $270 4 days
Average: 2.7 2.8 1,451 $395,474 $275 17 days
Viewing 1 - 12 of 12

The Roskelly Team would love to put their 25 years of local market experience to work for you!
Visit us online or give us a call for a free market valuation!

Posted by

Jessica Hood, Realtor/Team Leader
Accredited Home Staging Professional
The Fort Meade Homes Team
Berkshire Hathaway HomeServices
565 Benfield Road 
Severna Park, MD 21146

(410) 721-6694 Office
(443) 623-4523 Mobile

Hello@FortMeadeHomes.com E-mail
Search all homes for sale near Fort Meade, homes for rent near Fort Meade, or get information on selling your home at www.FortMeadeHomes.com
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Comments(5)

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Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have a productive month.

Happy Holidays!

Dec 13, 2023 12:45 PM
Jessica Hood, REALTOR®

Thanks Roy!  Happy holidays. 

Dec 14, 2023 06:02 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Thank you for the market update for Piney Orchard. I love spreadsheets and your data was spot on Jessica to what were experiencing in my neck of the woods 🙂

Dec 13, 2023 01:14 PM
Jessica Hood, REALTOR®

Thank you Paul.  Glad to hear your market is holding strong as well.  Happy Holidays!

Dec 13, 2023 01:20 PM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Jessica Hood, REALTOR® this is good information for both Buyers and Sellers in your area.

Dec 13, 2023 03:53 PM
Jessica Hood, REALTOR®
The Roskelly Team - Fort Meade, MD
The Roskelly Team - Fort Meade Area Real Estate

Thanks George!  Happy holidays to you. 

Dec 14, 2023 06:02 AM
GilbertRealtor BillSalvatore
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

 

Welcome to the Rain. Enjoyed your blog page, and I added you as a follower. I would love the follow back. Also, then we both get 50 points. Bill

Dec 14, 2023 09:27 AM