Lake Arbor, MD Housing Market
The Lake Arbor housing market is very competitive. The median sale price of a home in Lake Arbor was $401K last month, up 7.7% since last year. The median sale price per square foot in Lake Arbor is $254, up 13.9% since last year.
Lake Arbor Housing Market Trends
In April 2024, Lake Arbor home prices were up 7.7% compared to last year, selling for a median price of $401K. On average, homes in Lake Arbor sell after 22 days on the market compared to 38 days last year. There were 14 homes sold in April this year, up from 6 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lake Arbor 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 1% above list price and go pending in around 27 days.
- Hot homescan sell for about 2% 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 26 days.
- Hot homescan sell for about 3% above list price and go pending in around 7 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 around list price and go pending in around 36 days.
- Hot homescan sell for about 3% above list price and go pending in around 23 days.
Lake Arbor Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Lake Arbor from outside metros.
- New York homebuyers searched to move into Lake Arbor more than any other metro followed by Hartford and Atlanta.
- 82% of Lake Arbor homebuyers searched to stay within the Lake Arbor metropolitan area.
- Salisbury was the most popular destination among Lake Arbor homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,393 | ||
2 | 1,561 | ||
3 | 642 | ||
4 | 348 | ||
5 | 314 | ||
6 | 19 | ||
7 | 12 | ||
8 | 12 | ||
9 | 10 | ||
10 | 9 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,468 | ||
2 | 2,447 | ||
3 | 1,942 | ||
4 | 1,579 | ||
5 | 1,486 | ||
6 | 1,371 | ||
7 | 1,288 | ||
8 | 1,272 | ||
9 | 947 | ||
10 | 832 |
Home offer insights for Lake Arbor
Recent offers
View houses in Lake Arbor that sold recently
Recently sold homes
- $500,000 Last Sold Price3 beds3 baths1,640 sq ft3040 Mia Ln, Upper Marlboro, MD 20774(703) 378-8810List Price$500,000Sale to List0% over listDays on Market72 days3040 Mia Ln, Upper Marlboro, MD 20774
- $475,000 Last Sold Price3 beds2.5 baths2,160 sq ft9627 Fagan Dr, Bowie, MD 20721List Price$475,000Sale to List0% over listDays on Market50 days9627 Fagan Dr, Bowie, MD 20721
- $178,000 Last Sold Price2 beds1 bath692 sq ft1113 Baybury Ct Unit 6-203, Bowie, MD 20721(410) 547-1116List Price$195,900Sale to List9% under listDays on Market41 days1113 Baybury Ct Unit 6-203, Bowie, MD 20721
- $296,000 Last Sold Price2 beds2 baths964 sq ft8921 Town Center Cir Unit 5-308, Upper Marlboro, MD 20774(703) 971-5555List Price$305,000Sale to List3% under listDays on Market33 days8921 Town Center Cir Unit 5-308, Upper Marlboro, MD 20774
- $265,000 Last Sold Price2 beds2 baths964 sq ft8921 Town Center Cir Unit 5-212, Upper Marlboro, MD 20774(202) 243-7700List Price$265,000Sale to List0% over listDays on Market0 days8921 Town Center Cir Unit 5-212, Upper Marlboro, MD 20774
- $298,000 Last Sold Price2 beds2 baths1,142 sq ft9605 Lake Pointe #103, Upper Marlboro, MD 20774(301) 684-4895List Price$285,000Sale to List5% over listDays on Market32 days9605 Lake Pointe #103, Upper Marlboro, MD 20774
- $275,000 Last Sold Price2 beds2 baths1,361 sq ft2005 Connor Ct Unit 702C, Bowie, MD 20721(240) 724-6550List Price$275,000Sale to List0% over listDays on Market60 days2005 Connor Ct Unit 702C, Bowie, MD 20721
- $545,000 Last Sold Price4 beds3.5 baths2,418 sq ft801 Cypress Point Cir, Bowie, MD 20721(240) 232-7005List Price$545,000Sale to List0% over listDays on Market53 days801 Cypress Point Cir, Bowie, MD 20721
See all recently sold homes in Lake Arbor.
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Schools in Lake Arbor
- Elementary
- Middle
- High
GreatSchools Rating
5/10 Lake Arbor Elementary School Public • PreK-5 | 529 Students | 17 reviews |
Climate's impact on Lake Arbor housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Arbor.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Severe
Heat Factor
Transportation in Lake Arbor
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