Lanham, MD Housing Market
The Lanham housing market is very competitive. Homes in Lanham receive 3 offers on average and sell in around 29 days. The median sale price of a home in Lanham was $442K last month, down 11.6% since last year. The median sale price per square foot in Lanham is $224, down 43.4% since last year.
Lanham Housing Market Trends
In April 2024, Lanham home prices were down 11.6% compared to last year, selling for a median price of $442K. On average, homes in Lanham sell after 29 days on the market compared to 29 days last year. There were 13 homes sold in April this year, up from 9 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lanham housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 33 days.
- Hot homescan sell for about 3% above list price and go pending in around 8 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 23 days.
- Hot homescan sell for about 3% above list price and go pending in around 6 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 48 days.
- Hot homescan sell for about 2% above list price and go pending in around 9 days.
Lanham Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Lanham from outside metros.
- New York homebuyers searched to move into Lanham more than any other metro followed by Hartford and Philadelphia.
- 82% of Lanham homebuyers searched to stay within the Lanham metropolitan area.
- Salisbury was the most popular destination among Lanham homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,424 | ||
2 | 2,343 | ||
3 | 726 | ||
4 | 287 | ||
5 | 21 | ||
6 | 21 | ||
7 | 16 | ||
8 | 10 | ||
9 | 9 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 4,451 | ||
2 | 2,549 | ||
3 | 1,831 | ||
4 | 1,559 | ||
5 | 1,508 | ||
6 | 1,373 | ||
7 | 1,342 | ||
8 | 1,280 | ||
9 | 914 | ||
10 | 877 |
View houses in Lanham that sold recently
Recently sold homes
- $515,000 Last Sold Price4 beds3.5 baths1,834 sq ft10157 Dorsey Ln, Lanham, MD 20706(240) 737-5000List Price$500,000Sale to List3% over listDays on Market61 days10157 Dorsey Ln, Lanham, MD 20706
- $500,000 Last Sold Price3 beds3 baths2,410 sq ft7211 Wood Pond Cir, Lanham, MD 20706(301) 352-4065List Price$489,950Sale to List2% over listDays on Market32 days7211 Wood Pond Cir, Lanham, MD 20706
- $495,000 Last Sold Price3 beds2.5 baths2,026 sq ft10126 Aerospace Rd, Lanham, MD 20706(301) 850-0255List Price$494,900Sale to List0% over listDays on Market42 days10126 Aerospace Rd, Lanham, MD 20706
- $465,000 Last Sold Price5 beds2 baths2,516 sq ft9603 Mazzoni Ave, Lanham, MD 20706(443) 569-8023List Price$435,000Sale to List7% over listDays on Market28 days9603 Mazzoni Ave, Lanham, MD 20706
- $405,000 Last Sold Price4 beds3.5 baths1,812 sq ft7059 Palamar Ter, Lanham, MD 20706(301) 459-5040List Price$400,000Sale to List1% over listDays on Market47 days7059 Palamar Ter, Lanham, MD 20706
- $312,000 Last Sold Price3 beds2.5 baths1,740 sq ft6922 Woodstream Ter, Lanham, MD 20706(410) 793-7195List Price$309,500Sale to List1% over listDays on Market195 days6922 Woodstream Ter, Lanham, MD 20706
- $520,000 Last Sold Price5 beds2 baths2,310 sq ft7013 Wren Ln, Lanham, MD 20706(240) 295-6000List Price$489,900Sale to List6% over listDays on Market27 days7013 Wren Ln, Lanham, MD 20706
- $404,000 Last Sold Price3 beds2.5 baths1,603 sq ft5514 Lanteen St, Lanham, MD 20706(202) 545-6900List Price$399,999Sale to List1% over listDays on Market66 days5514 Lanteen St, Lanham, MD 20706
See all recently sold homes in Lanham.
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Schools in Lanham
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Seabrook Elementary School Public • PreK-5 | 330 Students | 4 reviews |
3/10 Gaywood Elementary School Public • PreK-5 | 497 Students | 4 reviews |
3/10 Magnolia Elementary School Public • PreK-6 | 513 Students | 9 reviews |
2/10 James McHenry Elementary School Public • PreK-5 | 754 Students | 1 reviews |
Climate's impact on Lanham housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lanham.
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Fire Factor - Moderate
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Wind Factor - Major
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Wind likelihood over time
Heat Factor - Severe
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Transportation in Lanham
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