Lanham, MD Housing Market
The Lanham housing market is very competitive. Homes in Lanham receive 3 offers on average and sell in around 34 days. The median sale price of a home in Lanham was $453K last month, up 5.2% since last year. The median sale price per square foot in Lanham is $227, down 37.3% since last year.
Lanham Housing Market Trends
In May 2024, Lanham home prices were up 5.2% compared to last year, selling for a median price of $453K. On average, homes in Lanham sell after 34 days on the market compared to 14 days last year. There were 14 homes sold in May this year, up from 7 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
- $450,000 Last Sold Price3 beds2.5 baths1,176 sq ft9115 4th St, Lanham, MD 20706(240) 403-0400List Price$449,900Sale to List0% over listDays on Market44 days9115 4th St, Lanham, MD 20706
- $322,000 Last Sold Price3 beds2.5 baths1,408 sq ft8752 Brae Brooke Dr, Lanham, MD 20706(301) 850-0255List Price$332,000Sale to List3% under listDays on Market45 days8752 Brae Brooke Dr, Lanham, MD 20706
- $375,375 Last Sold Price4 beds2 baths1,900 sq ft7201 Patterson St, Lanham, MD 20706(301) 388-2600List Price$375,000Sale to List0% over listDays on Market87 days7201 Patterson St, Lanham, MD 20706
- $360,000 Last Sold Price3 beds2 baths912 sq ft9311 Alcona St, Lanham, MD 20706(301) 843-5100List Price$260,000Sale to List38% over listDays on Market31 days9311 Alcona St, Lanham, MD 20706
- $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
- $145,000 Last Sold Price2 beds1 bath1,072 sq ft8693 Greenbelt Rd #102, Greenbelt, MD 20770(410) 342-4444List Price$145,000Sale to List0% over listDays on Market327 days8693 Greenbelt Rd #102, Greenbelt, MD 20770
- $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
- $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
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.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
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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