UPPER MARLBORO HOUSING MARKET DATA

There was an increase in total units sold in February, with 86 sold this month in Upper Marlboro Real Estate versus 79 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 3% versus February 2024.

Versus last year, the total number of homes available this month is lower by 20 units or 10%. The total number of active inventory this February was 184 compared to 204 in February 2024. This month's total of 184 is lower than the previous month's total supply of available inventory of 205, a decrease of 10%.

Last February, the median sale price for Upper Marlboro Homes was $474,920. This February, the median sale price was $488,288, an increase of 3% or $13,368 compared to last year. The current median sold price is 1% higher than in January.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In February, there was 2.1 months of supply available in Upper Marlboro, compared to 2.3 in February 2024. That is a decrease of 7% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 103 homes newly listed for sale in Upper Marlboro compared to 148 in February 2024, a decrease of 30%. There were 88 current contracts pending sale this February compared to 127 a year ago. The number of current contracts is 31% lower than last February.

In February, the average sale price in Upper Marlboro was 101.1% of the average list price, which is 0.5% higher than at this time last year.

This month, the average number of days on market was 33, lower than the average last year, which was 41, a decrease of 20%.





FOCUS ON: UPPER MARLBORO HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20772 and 20774
Units Sold 86	Active Inventory 184	Median Sale Price $488,288	Days On Market 33

Down -3% Vs. Year Ago	Down -10% Vs. Year Ago	Up 3% Vs. Year Ago	Down -20% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 86 sold this month in Upper Marlboro Real Estate versus 79 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 3% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 20 units or 10%. The total number of active inventory this February was 184 compared to 204 in February 2024. This month's total of 184 is lower than the previous month's total supply of available inventory of 205, a decrease of 10%.
		Median Sale Price Last February, the median sale price for Upper Marlboro Homes was $474,920. This February, the median sale price was $488,288, an increase of 3% or $13,368 compared to last year. The current median sold price is 1% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 103	Current Contracts 88	Sold Vs. List Price 101.1%	Months of Supply 2.1

Down -30% Vs. Year Ago	Down -31% Vs. Year Ago	Up 0.5% Vs. Year Ago	Down -7% Vs. Year Ago


		Months of Supply In February, there was 2.1 months of supply available in Upper Marlboro, compared to 2.3 in February 2024. That is a decrease of 7% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 103 homes newly listed for sale in Upper Marlboro compared to 148 in February 2024, a decrease of 30%. There were 88 current contracts pending sale this February compared to 127 a year ago. The number of current contracts is 31% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Upper Marlboro was 101.1% of the average list price, which is 0.5% higher than at this time last year. Days on Market This month, the average number of days on market was 33, lower than the average last year, which was 41, a decrease of 20%.


	Upper Marlboro are defined as properties listed in zip code/s 20772 and 20774.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.