Beltsville, MD | Real Estate Market Conditions
Today we move a little north of College Park, MD to Beltsville, MD. Beltsville is just north of the Washington Beltway on RT 1 and is a great alternative to living within College Park itself. It is still close to the METRO and other commuter routes as well as the University of MD itself.
Beltsville is also home to the US Department of Agriculture - Agricultural Research Center which operates a huge research farm. Driving through the USDA - ARS is like being out in the country.
Beltsville has a mix of single family homes, townhouses and condo. Today we look at single family homes.
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90-day stats for Single Family properties in BELTSVILLE, MD as of June 18, 2010 |
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| Median List Price | $272,442 | Average List Price | $288,865 |
| Total Inventory | 120 | Price per Square Foot | $138 |
| Average Home Size | 2,372 | Median Lot Size | 10,241 |
| Average # Beds | 4.05 | Average # Baths | 2.70 |
| Homes Absorbed | 6 | Newly Listed | 13 |
| Days on Market | 182 | Average Age | 40 |
As you can see the Days on Market here are longer than any of the other towns we have visited, thus far, and it looks like a new home is listed for every home that is sold. Pricing is moderate for single family homes.
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Median Price for homes in BELTSVILLE, MD All ZIP Codes as of June 18, 2010 is $272,442 |
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Inventory for homes in BELTSVILLE, MD All ZIP Codes as of June 18, 2010 is 120 |
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Average Days on Market for homes in BELTSVILLE, MD All ZIP Codes as of June 18, 2010 is 182 |
These charts show a slightly positive upturn in home pricing in recent months. This may indicate that home prices have fallen to the level where the homes are attractive to home buyers. Housing inventory has also risen, though, and this may create some pressure to keep pricing low.
Days on Market, as mentioned above, is extremely long. However, that chart appears to be moving in the right direction (i.e., down). So, to me, these stats look mildly positive for the Beltsville, MD housing market.
