UPPER MARLBORO HOUSING MARKET DATA

There was a decrease in total units sold in March, with 84 sold this month in Upper Marlboro Real Estate versus 90 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 32% versus March 2024.

Versus last year, the total number of homes available this month is lower by 2 units or 1%. The total number of active inventory this March was 210 compared to 212 in March 2024. This month's total of 210 is lower than the previous month's total supply of available inventory of 216, a decrease of 3%.

Last March, the median sale price for Upper Marlboro Homes was $465,000. This March, the median sale price was $471,608, an increase of 1% or $6,608 compared to last year. The current median sold price is 3% lower than in February.

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

In March, there was 2.5 months of supply available in Upper Marlboro, compared to 1.7 in March 2024. That is an increase of 46% 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 157 homes newly listed for sale in Upper Marlboro compared to 145 in March 2024, an increase of 8%. There were 127 current contracts pending sale this March compared to 123 a year ago. The number of current contracts is 3% higher than last March.

In March, the average sale price in Upper Marlboro was 100.8% of the average list price, which is 1.0% higher than at this time last year.

This month, the average number of days on market was 34, higher than the average last year, which was 33, an increase of 3%.





FOCUS ON: UPPER MARLBORO HOUSING MARKET			MARCH 2025

Zip Code(s): 20772 and 20774
Units Sold 84	Active Inventory 210	Median Sale Price $471,608	Days On Market 34

Down -32% Vs. Year Ago	Down -1% Vs. Year Ago	Up 1% Vs. Year Ago	Up 3% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 84 sold this month in Upper Marlboro Real Estate versus 90 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 32% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 1%. The total number of active inventory this March was 210 compared to 212 in March 2024. This month's total of 210 is lower than the previous month's total supply of available inventory of 216, a decrease of 3%.
		Median Sale Price Last March, the median sale price for Upper Marlboro Homes was $465,000. This March, the median sale price was $471,608, an increase of 1% or $6,608 compared to last year. The current median sold price is 3% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 157	Current Contracts 127	Sold Vs. List Price 100.8%	Months of Supply 2.5

Up 8% Vs. Year Ago	Up 3% Vs. Year Ago	Up 1% Vs. Year Ago	Up 46% Vs. Year Ago


		Months of Supply In March, there was 2.5 months of supply available in Upper Marlboro, compared to 1.7 in March 2024. That is an increase of 46% 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 157 homes newly listed for sale in Upper Marlboro compared to 145 in March 2024, an increase of 8%. There were 127 current contracts pending sale this March compared to 123 a year ago. The number of current contracts is 3% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Upper Marlboro was 100.8% of the average list price, which is 1.0% higher than at this time last year. Days on Market This month, the average number of days on market was 34, higher than the average last year, which was 33, an increase of 3%.


	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.