Melwood, MD
Housing market overview · Updated weekly
$405,000median sale price
Homes sold
1
Last 12 weeks
Days on market
43
Average pace
Active listings
8
8.0 months supply
Sale-to-list
100.0%
Above asking
The Melwood housing market is currently classified as a buyer's market with a median sale price of $405,000. Prices have fallen 20.6% compared to last year, with homes spending an average of 43 days on market, indicating 8.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Melwood
There are currently 8 homes listed for sale in Melwood, Maryland. The median listing price is $720K.
Active listings
8
Homes on market
Median list price
$720K
Avg. days on market
43
Days until sale
New this week
5
Newly listed
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Frequently asked questions
What is the average home price in Melwood?
The median home sale price in Melwood is $405,000, down 20.6% from last year.
How long do homes stay on market in Melwood?
Homes typically spend 43 days on market before going under contract.
Is Melwood a buyer's or seller's market?
With 8.0 months of supply, Melwood is currently a buyer's market.
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