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
318 Derek Street 4 3 N/A $399,000 Unknown 0 days
3803 Pentland Hills Road 3 4 2,580 $422,390 $163 0 days
4903 Colonel Addison Place 4 3 2,482 $350,000 $141 0 days
2001 Fittleworth Terrace 4 3 2,476 $470,000 $189 0 days
9415 Piaffe Circle 4 3 3,960 $510,000 $128 9 days
1215 Heritage Hills Drive 5 5 3,556 $849,000 $238 1 day
2107 Fittleworth Terrace 5 4 3,396 $550,000 $161 2 days
12317 Putters Court 6 7 N/A $525,000 Unknown 2 days
204 Prenton Street 3 3 N/A $325,000 Unknown 2 days
715 Bleak Hill Place 5 6 N/A $790,000 Unknown 3 days
10509 Keepsake Ln 4 3 3,000 $475,000 $158 3 days
10311 King Richard Place 4 4 1,980 $369,900 $186 3 days
2221 Barnstable Drive 3 4 2,304 $379,950 $164 3 days
9719 Rosaryville Road 4 3 1,897 $365,000 $192 3 days
16505 Bauer Court 5 3 N/A $315,000 Unknown 4 days
15619 Copper Beech Drive 4 3 N/A $393,900 Unknown 4 days
13008 Crocker Place 2 2 N/A $365,000 Unknown 4 days
3614 Chancelsors Drive Unit #J-008 4 5 3,017 $514,990 $170 4 days
Central Park Drive 3 4 2,289 $382,490 $167 4 days
Glassy Creek Way 3 3 2,456 $394,990 $160 4 days
Tealbriar Drive 2 4 1,484 $304,990 $205 4 days
Tealbriar Drive 3 3 2,410 $339,990 $141 4 days
9700 Central Park Drive 3 4 2,375 $459,990 $193 4 days
15702 Copper Beech Drive 4 5 5,520 $625,000 $113 4 days
12426 Ronald Beall Road 4 2 N/A $306,000 Unknown 5 days
Average: 3.9 3.8 2,870 $479,159 $170 87 days
Viewing 1 - 25 of 309
Viewing 1 - 25 of 309
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
12019 Green Tee Turn 5 4 N/A $349,900 Unknown 31 days
7007 Antock Place 5 4 N/A $499,900 Unknown 28 days
5700 Landis Way 5 4 3,365 $500,000 $148 44 days
2415 Baikal Loop 4 4 N/A $354,000 Unknown 36 days
12910 Center Park Way 3 3 1,684 $314,900 $186 35 days
11209 Parkmont Drive 4 3 N/A $340,000 Unknown 56 days
403 Richton Court 4 3 N/A $359,000 Unknown 44 days
15514 Ed Coffren Place 4 5 3,680 $584,990 $158 80 days
515 Cranston Avenue Unit #PA11 4 3 2,720 $479,900 $176 143 days
5801 Kaveh Court 5 5 N/A $499,900 Unknown 32 days
8503 Ingersoll Court 4 3 1,196 $349,900 $292 52 days
5704 Landis Way 4 3 3,060 $470,000 $153 55 days
12103 Northwood Drive 6 4 2,774 $329,900 $118 55 days
14521 Kent Drive 6 4 N/A $375,000 Unknown 46 days
1704 Whistling Duck Drive 3 4 N/A $329,900 Unknown 44 days
1504 Robert Lewis Avenue 5 4 N/A $385,000 Unknown 65 days
14104 Bishop Claggett Court 5 4 2,306 $389,900 $169 51 days
12620 Dunkirk Drive 4 4 N/A $426,950 Unknown 36 days
1003 Pochard Court 4 4 N/A $305,000 Unknown 0 days
3608 Chancelsors Drive 4 1 N/A $645,095 Unknown 155 days
1112 Ring Bill Loop 3 4 N/A $329,000 Unknown 36 days
3003 Mia Lane 3 4 2,542 $397,685 $156 120 days
11000 Trafton Drive 4 3 N/A $346,900 Unknown 28 days
1201 Northern Lights Drive 4 4 N/A $499,000 Unknown 70 days
14025 Gadsen Court 3 3 N/A $330,000 Unknown 56 days
Average: 4.0 3.8 2,712 $438,651 $172 175 days
Viewing 1 - 25 of 184
Viewing 1 - 25 of 184
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
3829 Pentland Hills Road 3 4 2,580 $425,890 $438,975 $170 0 days 9/24/18
13910 Carlene Drive 4 4 3,200 $465,000 $460,000 $143 39 days 9/21/18
6812 Osborne Hill Drive 4 5 N/A $700,000 $710,000 Unknown 162 days 9/20/18
10908 Brookwood Avenue 4 3 N/A $384,900 $384,900 Unknown 69 days 9/18/18
15702 Glastonbury Way 4 4 N/A $472,500 $472,500 Unknown 49 days 9/17/18
9309 Fairhaven Avenue 3 3 N/A $325,500 $320,000 Unknown 81 days 9/14/18
804 Bleak Hill Place 4 3 N/A $575,000 $545,000 Unknown 291 days 9/14/18
11901 Chesterton Drive 6 4 2,277 $350,000 $359,000 $157 69 days 9/13/18
11301 Capstan Drive 4 3 1,848 $414,950 $416,000 $225 61 days 9/12/18
5704 Belridge Road 5 4 3,420 $499,999 $495,000 $144 37 days 9/7/18
402 Canaan Street 3 4 2,024 $399,900 $399,900 $197 81 days 9/7/18
3808 Perthshire Place 4 2 3,440 $579,990 $589,400 $171 115 days 9/7/18
10300 Wood Sorrel Court 5 4 N/A $425,000 $425,000 Unknown 43 days 9/6/18
15204 Richard Bowie Lane 3 4 2,580 $404,990 $411,490 $159 0 days 9/5/18
1611 Whistling Duck Drive 6 4 3,331 $529,990 $520,000 $156 70 days 9/4/18
5105 Starting Gate Drive 4 4 1,906 $375,000 $375,000 $196 32 days 8/31/18
17311 Newton Court 6 4 1,856 $364,999 $364,999 $196 48 days 8/31/18
3402 Edwards Street 4 3 1,080 $319,900 $315,000 $291 50 days 8/31/18
3013 St Josephs Drive 3 4 1,908 $381,990 $370,490 $194 58 days 8/31/18
3011 St Josephs Drive 3 4 1,908 $384,900 $384,900 $201 58 days 8/31/18
8414 Grandhaven Avenue 5 3 N/A $375,000 $365,000 Unknown 60 days 8/31/18
62 Herrington Drive 4 4 N/A $399,900 $399,000 Unknown 63 days 8/31/18
10104 Dappah Court 5 4 N/A $575,000 $575,000 Unknown 80 days 8/31/18
6304 Agile Lane 5 4 4,616 $529,990 $530,000 $114 92 days 8/31/18
2919 George Hilleary Terrace 5 5 3,117 $549,900 $535,000 $171 107 days 8/31/18
Average: 4.0 3.9 2,734 $437,791 $434,986 $175 104 days
Viewing 1 - 25 of 384
Viewing 1 - 25 of 384