UPPER MARLBORO HOUSING MARKET DATA

There was a decrease in total units sold in January, with 78 sold this month in Upper Marlboro Real Estate versus 100 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 15% versus January 2024.

Versus last year, the total number of homes available this month is lower by 32 units or 16%. The total number of active inventory this January was 173 compared to 205 in January 2024. This month's supply remained stable as compared to last month.

Last January, the median sale price for Upper Marlboro Homes was $443,000. This January, the median sale price was $486,762, an increase of 10% or $43,762 compared to last year. The current median sold price is 4% higher than in December.

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

In January, there was 2.2 months of supply available in Upper Marlboro. The amount of supply is similar compared to 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 126 homes newly listed for sale in Upper Marlboro compared to 125 in January 2024, an increase of 1%. There were 96 current contracts pending sale this January compared to 98 a year ago. The number of current contracts is 2% lower than last January.

In January, the average sale price in Upper Marlboro was 100.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 24, lower than the average last year, which was 37, a decrease of 35%.





FOCUS ON: UPPER MARLBORO HOUSING MARKET			JANUARY 2025

Zip Code(s): 20772 and 20774
Units Sold 78	Active Inventory 173	Median Sale Price $486,762	Days On Market 24

Down -15% Vs. Year Ago	Down -16% Vs. Year Ago	Up 10% Vs. Year Ago	Down -35% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 78 sold this month in Upper Marlboro Real Estate versus 100 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 15% versus January 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 32 units or 16%. The total number of active inventory this January was 173 compared to 205 in January 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last January, the median sale price for Upper Marlboro Homes was $443,000. This January, the median sale price was $486,762, an increase of 10% or $43,762 compared to last year. The current median sold price is 4% higher than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 126	Current Contracts 96	Sold Vs. List Price 100.3%	Months of Supply 2.2

Up 1% Vs. Year Ago	Down -2% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In January, there was 2.2 months of supply available in Upper Marlboro. The amount of supply is similar compared to 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 126 homes newly listed for sale in Upper Marlboro compared to 125 in January 2024, an increase of 1%. There were 96 current contracts pending sale this January compared to 98 a year ago. The number of current contracts is 2% lower than last January.
		Sale Price to List Price Ratio In January, the average sale price in Upper Marlboro was 100.3% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 24, lower than the average last year, which was 37, a decrease of 35%.


	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.