Upper Marlboro, Maryland Real Estate Market Report

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Upper Marlboro, Maryland is one of the major suburbs of Southern Maryland which has seen a significant year over year increase in home prices for this year. Higher prices of the current homes and the upswing of mortgages interest rates presently appear to be a good time to seriously considering purchasing a home. Inventory of the homes is lower than the previous year of 2017. 

Median Household Income $104,735  Median Age 40.0  Population 46,289

Market Profile (Soccer Moms)

Soccer Moms is an affluent, family-oriented market with a country flavor. Most households own at least two vehicles; the most popular types are minivans and SUVs. Family-oriented purchases and activities dominate, like movie purchases or rentals, children apparel and toys, and visits to theme parks or zoos. Outdoor activities and sports are characteristic of life in the suburban periphery, like bicycling, jogging, golfing, boating, and target shooting. Home maintenance services are frequently contracted, but these families also like their gardens and own the tools for minor upkeep, like riding mowers and tillers.

Market Profile (Pleasantville)

Prosperous domesticity best describes the settled citizens of Pleasantville. Prefer imported SUVs, serviced by a gas station or car dealer. Invest in conservative securities and contribute to charities. Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet via fiber optics or cable modem, on a newer computer, to pay bills, make purchases and track investments. Subscribe to premium channels (HBO, Showtime or Starz) and use video-on-demand to watch TV shows and movies. Enjoy outdoor gardening, going to the beach, visiting theme parks, frequenting museums and attending rock concerts.

Market Profile (Enterprising Professionals)

Enterprising Professionals residents are well educated and climbing the ladder in STEM (science, technology, engineering, and mathematics) occupations. Buy digital books for tablet reading, along with magazines and newspapers. Frequent the dry cleaner. Go on business trips, a major part of the work.  Watch movies and TV with video-on-demand and HDTV over a high-speed connection. Convenience is key--shop at Amazon.com and picks up drugs at the local pharmacies.  Quick eat out at places such as The Cheesecake Factory and Chickfil-A; drop by Starbucks for coffee. Leisure activities include sports, trips to museums and the beach. Have health insurance and a 401(k) through work.

Market Profile (Exurbanites)

Exurbanites residents are approaching retirement but showing few signs of slowing down Exurbanites residents' preferred vehicles are late-model luxury cars or SUVs. They are active supporters of the arts and public television/radio. Attentive to ingredients, they prefer natural or organic products. Gardening and home improvement are priorities, but they also use a number of services, from home care and maintenance to personal care. Financially active with wide-ranging investments, these investors rely on financial planners, extensive reading and the Internet to handle their money.

Market Profile (Professional Pride)

Professional Pride consumers are well-educated career professionals who have prospered through the great recession. These frequent travelers take several domestic trips a year, preferring to book their plane tickets, accommodations, and rental cars via the Internet. Residents take pride in their picture-perfect homes, which they continually upgrade. They shop at major hardware stores and stores such as Bed Bath & Beyond to tackle the smaller home improvement and remodeling tasks but contract out the larger projects. To keep up with their busy households, they hire housekeepers or professional cleaners. Residents are prepared for the ups and downs in life; they maintain life insurance; homeowners and auto insurance; as well as medical, vision, dental, and prescription insurance through work. They are actively investing for the future; they hold 401(k) and IRA retirement plans, plus securities. Consumers spend on credit but have the disposable income to avoid a balance on their credit cards. They spend heavily on Internet shopping; Amazon.com is a favorite website. Consumers find time in their busy schedules for themselves. They work out in their home gyms, owning at least a treadmill, an elliptical or weightlifting equipment. They also visit the salon and spa regularly. All family members are avid readers; they read on their smartphones, tablets, and e-readers but also read hard copies of epicurean, home service, and sports magazines. Residents, both young and old, are tech-savvy; they not only own the latest and greatest in tablets, smartphones, and laptops but actually use the feature search has to offer.

Most importantly having a good agent to help you buy or sell is essential in helping you find or get the best deal.

Contact Terrence D. Langford, Realtor  301-769-6377 or email tlangfordsellhome@gmail.com 

 

ACTIVE PROPERTIES - PROPERTIES UNDER CONTRACT - SOLD PROPERTIES

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
15622 Copper Beech Drive 5 4 3,500 $529,999 $151 3 days
5005 Roblee Drive 3 3 1,144 $345,000 $301 3 days
10304 Spring Water Lane 4 3 3,408 $379,000 $111 4 days
3521 Gentle Breeze Drive 3 3 2,032 $365,990 $180 4 days
14727 Argos Place 3 4 2,030 $409,900 $201 4 days
612 Stanwich Terrace 4 3 3,304 $539,900 $163 4 days
4706 Colonel Darnell Place 3 3 2,007 $329,900 $164 4 days
7806 Tallinn Court 3 4 1,817 $350,000 $192 5 days
1621 Fernwood Drive 3 3 N/A $359,990 Unknown 5 days
10919 Rhodenda Avenue 3 4 1,632 $324,900 $199 6 days
4205 Chariot Way 3 3 2 $365,000 Unknown 6 days
8405 Wexford Road 4 3 1,890 $400,000 $211 6 days
6501 Osborne Hill Drive 5 4 3,736 $750,000 $200 6 days
2608 Box Tree Drive 4 4 3,120 $449,900 $144 6 days
4603 Mimsey Road 4 2 1,404 $344,990 $245 6 days
5224 Derby Manor Lane 4 5 4,940 $544,900 $110 6 days
9906 Prince Royal Place 3 4 1,440 $325,000 $225 7 days
9713 Glassy Creek Way Unit #213 2 3 1,484 $329,990 $222 7 days
3618 Pentland Hills Drive 4 3 2,553 $469,990 $184 7 days
9703 Tealbriar Drive Unit #269 2 3 1,484 $418,500 $282 7 days
3400 Ritchie Marlboro Road 3 2 1,913 $339,900 $177 7 days
10010 Thomas Brooke Place 4 4 4,134 $664,990 $160 7 days
3853 Effie Fox Way 3 4 2,471 $397,990 $161 7 days
3908 Effie Fox Way 3 3 2,471 $449,205 $181 7 days
3906 Effie Fox Way 3 3 2,471 $409,045 $165 7 days
Average: 4.0 3.8 2,833 $478,734 $937 102 days
Viewing 1 - 25 of 257
Viewing 1 - 25 of 257
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
15125 Hogshead Way 3 3 2,471 $409,990 $165 0 days
3715 N Halloway N 4 2 988 $304,999 $308 5 days
9719 Glassy Creek Way 3 2 1,700 $359,080 $211 0 days
4321 Canyonview Drive 4 2 2,000 $325,000 $162 2 days
402 Lonsdale Court 4 3 2,376 $470,000 $197 11 days
1107 Dixie Bowie Way 4 4 2,108 $385,000 $182 5 days
14635 Argos Place 4 5 1,858 $399,900 $215 14 days
12509 Cynthia Court 5 3 2,115 $369,000 $174 4 days
5100 Starting Gate Drive 4 4 2,421 $439,900 $181 9 days
5604 Glover Park Drive 2 3 1,300 $305,000 $234 9 days
No address 3 4 2,560 $338,000 $132 28 days
9415 Fairhaven Avenue 5 4 2,200 $379,000 $172 5 days
13247 Whiteholm Drive 4 3 2,094 $385,999 $184 11 days
9507 Fairway Manor Terrace 4 3 1,190 $305,000 $256 15 days
13603 Missoula Court 2 2 1,523 $342,000 $224 27 days
16601 Stratford Estates Drive 4 3 4,426 $574,350 $129 27 days
1110 Egyptian Drive 4 3 3,170 $420,000 $132 34 days
12119 Northwood Drive 4 3 1,776 $335,000 $188 35 days
3706 Pentland Hills Drive 4 3 3,448 $550,610 $159 0 days
15411 Governors Park Lane 5 4 4,165 $601,760 $144 0 days
4002 Pendennis Court 4 3 3,026 $571,560 $188 0 days
15505 Governors Park Lane Unit #C003 4 3 N/A $520,575 Unknown 0 days
12205 Newcastle Farm Way 4 4 2,974 $450,000 $151 16 days
607 Halifax Place 4 3 1,852 $345,000 $186 24 days
3810 Effie Fox Way Unit #903F 3 3 2,550 $404,990 $158 15 days
Average: 3.9 3.7 2,739 $429,286 $165 66 days
Viewing 1 - 25 of 181
Viewing 1 - 25 of 181
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
10113 Running Brook Lane 5 3 2,528 $450,000 $450,000 $178 83 days 1/18/19
15330 Tewkesbury Place 3 4 4,032 $369,000 $369,000 $91 142 days 1/18/19
11180 Mattaponi Road 5 5 4,188 $791,000 $726,525 $173 180 days 1/18/19
11113 Old Marlboro Pike 4 3 1,568 $319,999 $300,000 $191 4 days 1/17/19
4911 Ashford Drive 4 3 1,144 $309,900 $314,900 $275 5 days 1/16/19
13613 Hollow Log Drive 4 4 3,256 $475,000 $482,000 $148 44 days 1/15/19
8109 Picard Lane 3 4 1,535 $314,500 $300,000 $195 33 days 1/15/19
5801 Kaveh Court 5 5 3,910 $515,000 $515,000 $131 91 days 1/15/19
9807 Healy Court 4 3 1,170 $334,990 $335,000 $286 29 days 1/14/19
11000 Brookes Reserve Road 6 7 7 $1,250,000 $1,225,000 Unknown 35 days 1/11/19
15120 Hogshead Way 3 3 2,471 $377,990 $379,990 $153 119 days 1/11/19
7205 Twinflower Place 4 4 3,068 $440,000 $400,000 $130 101 days 1/11/19
12506 Cambleton Drive 4 3 1,546 $389,500 $385,000 $249 0 days 1/9/19
3209 Old Largo Road 4 3 2,756 $369,900 $380,000 $137 161 days 1/9/19
2104 Dorking Run 3 4 1,668 $364,900 $364,900 $218 3 days 1/8/19
8810 Monmouth Drive 4 3 1,300 $339,000 $339,000 $260 4 days 1/4/19
4313 Spring Foal Court 3 4 2,900 $523,111 $485,500 $167 40 days 1/4/19
5603 N Marwood Boulevard 3 2 1,624 $329,900 $322,000 $198 9 days 12/31/18
1212 Ring Bill Loop 4 4 1,868 $345,000 $345,000 $184 13 days 12/31/18
3826 Pentland Hills Drive 3 4 2,580 $428,990 $421,240 $163 30 days 12/31/18
11004 Hollaway Drive 4 3 2,068 $329,900 $329,900 $159 67 days 12/31/18
9708 Cedar Crest Way 5 4 30 $400,000 $390,000 $13,000 210 days 12/31/18
14107 Kendalwood Drive 5 6 5,112 $589,900 $610,000 $119 247 days 12/31/18
403 Red Leaf Court 4 4 N/A $320,000 $307,000 Unknown 107 days 12/30/18
2421 Newmoor Way 3 3 2,304 $389,672 $385,000 $167 127 days 12/29/18
Average: 4.0 3.8 2,632 $435,619 $429,840 $2,388 45 days
Viewing 1 - 25 of 376
Viewing 1 - 25 of 376