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
6003 Sauerwein Way 3 3 2,371 $378,000 $159 2 days
6000 Sauerwein Way 3 3 2,475 $393,000 $158 2 days
6001 Sauerwein Way 3 3 2,595 $403,000 $155 2 days
15704 Cheswicke Lane 4 5 5,374 $575,000 $106 2 days
9507 Westerdale Drive 3 4 2,200 $389,000 $176 3 days
3304 Geaton Drive 5 5 3,379 $472,000 $139 4 days
10510 Rawlins Lane 2 3 N/A $326,000 Unknown 4 days
4603 Imperial Oaks Lane 6 6 N/A $599,990 Unknown 4 days
11518 Homestead Drive 5 4 2,654 $430,000 $162 4 days
9909 Graystone Drive 5 4 N/A $385,000 Unknown 4 days
1902 Amanda Court 6 4 2,156 $380,000 $176 5 days
10201 Spring Water Lane 4 5 3,164 $375,000 $118 5 days
15511 Humberside Way 4 5 4,518 $600,000 $132 5 days
9020 Trumps Hill Road 3 2 3,694 $675,000 $182 5 days
17308 Clairfield Lane 3 3 1,728 $335,000 $193 5 days
13500 Missoula Court 2 2 1,306 $328,900 $251 6 days
2702 Lantana Drive 4 3 2,610 $420,000 $160 13 days
4525 Grazing Way 3 4 2,556 $455,900 $178 6 days
5002 Tideworth Terrace 5 5 4,295 $640,000 $149 6 days
17101 Usher Place 4 3 1,190 $339,900 $285 7 days
5603 N Marwood Boulevard 3 2 1,624 $329,900 $203 8 days
1212 Ring Bill Loop 4 4 1,868 $345,000 $184 8 days
11915 Green Tee Turn 4 3 2,560 $319,950 $124 9 days
10712 Devlin Drive 4 3 1,980 $339,900 $171 10 days
12700 Heidi Marie Court 5 4 1,772 $349,900 $197 10 days
Average: 4.0 3.8 3,176 $472,983 $753 90 days
Viewing 1 - 25 of 305
Viewing 1 - 25 of 305
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
528 E Mount Lubentia E Court 3 3 1,280 $305,999 $239 30 days
8308 Grandhaven Avenue 5 3 1,690 $330,000 $195 41 days
3804 Saddlebrook Court 4 3 1,332 $320,000 $240 38 days
4911 Ashford Drive 4 3 1,144 $309,900 $270 37 days
1733 Fernwood Drive 3 3 1,446 $334,000 $230 49 days
8211 Mathew Court 4 3 1,196 $339,900 $284 50 days
9710 Wyman Way 4 3 1,992 $319,900 $160 59 days
507 Cranston Avenue Unit #PA15 4 3 3,345 $489,990 $146 220 days
15503 Chiddingstone Circle 5 4 2,605 $499,990 $191 38 days
3108 Geaton Drive 5 3 4,450 $475,000 $106 38 days
13617 Tree Leaf Court 5 4 2,900 $469,900 $162 70 days
2716 Lake Forest Drive 5 4 N/A $499,800 Unknown 41 days
13202 Muscovy Court 4 4 1,904 $404,840 $212 48 days
6107 Blue Sage Lane 5 5 3,836 $525,000 $136 70 days
10600 Brookes Reserve Road 5 5 3,516 $539,000 $153 70 days
8800 Community Square Lane 4 4 1,592 $314,900 $197 39 days
9018 Fox Stream Way 3 3 2,151 $399,124 $185 73 days
7601 Locris Drive 4 3 1,092 $305,000 $279 43 days
9807 Healy Court 4 3 1,170 $329,990 $282 34 days
14633 Argos Place 3 4 2,003 $409,990 $204 30 days
1001 Anna Rogers Way 4 5 3,200 $841,500 $262 47 days
618 New Orchard Place 4 4 1,824 $374,900 $205 48 days
600 Anoosh Court 3 4 32 $345,000 $10,781 42 days
13503 Old Marlboro Pike 3 2 1,522 $300,000 $197 62 days
2218 Congresbury Place 3 4 1,992 $369,900 $185 66 days
Average: 4.0 3.8 2,660 $440,554 $1,474 162 days
Viewing 1 - 25 of 186
Viewing 1 - 25 of 186
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
9721 Old Frank Tippett Road 4 3 1,610 $349,999 $350,000 $217 41 days 11/19/18
9623 Woodyard Circle 3 3 1,552 $315,000 $315,000 $202 29 days 11/16/18
10100 Preakness Drive 5 4 3,592 $499,900 $499,900 $139 50 days 11/16/18
13200 Keverton Drive 3 4 8 $359,999 $340,000 Unknown 79 days 11/16/18
13815 Water Fowl Way 5 4 3,890 $529,999 $530,000 $136 132 days 11/16/18
4606 Grazing Way 6 5 5,000 $800,000 $804,000 $160 703 days 11/15/18
10301 Brightfield Lane 4 4 3,474 $460,000 $460,000 $132 385 days 11/14/18
12203 Old Colony Drive 4 3 1,352 $335,000 $335,000 $247 66 days 11/13/18
13500 Quarter Pole Court 4 3 2,588 $409,990 $410,000 $158 40 days 11/9/18
10400 Pookey Way 5 4 2,216 $429,900 $430,000 $194 41 days 11/9/18
10509 Keepsake Ln 4 3 3,000 $475,000 $475,000 $158 48 days 11/9/18
1201 Northern Lights Drive 4 4 3,540 $499,000 $492,000 $138 70 days 11/9/18
8610 Sweet Rose Court 3 4 2,431 $369,000 $369,900 $152 115 days 11/9/18
13603 Water Fowl Way 4 3 3,299 $304,900 $322,500 $97 121 days 11/9/18
2415 Baikal Loop 4 4 1,640 $354,000 $354,000 $215 53 days 11/8/18
10403 Marlboro Pike 5 6 5,858 $699,000 $660,000 $112 84 days 11/7/18
11007 Rawlings Court 5 3 3,134 $449,990 $449,990 $143 93 days 11/7/18
1304 Redditch Court 3 3 N/A $349,000 $350,000 Unknown 34 days 11/6/18
2130 Turleygreen Place 4 4 2,304 $400,000 $400,000 $173 67 days 11/6/18
12802 Foxhound Court 4 3 2,640 $365,700 $363,500 $137 88 days 11/6/18
15206 Richard Bowie Lane 3 4 N/A $408,000 $410,000 Unknown 0 days 11/5/18
10402 Thorny Brook Court 4 4 2,280 $415,000 $415,000 $182 51 days 11/1/18
3503 Winterbourne Drive 5 4 3,472 $589,900 $553,000 $159 65 days 11/1/18
10800 Furgang Road 5 4 3,134 $469,990 $459,990 $146 87 days 11/1/18
5037 Forest Pines Drive 3 4 2,500 $359,990 $404,557 $161 13 days 10/31/18
Average: 4.0 3.8 2,658 $433,662 $431,654 $367 104 days
Viewing 1 - 25 of 391
Viewing 1 - 25 of 391