Lanham, MD Housing Market
The Lanham housing market is somewhat competitive. The median sale price of a home in Lanham was $479K last month, up 6.4% since last year. The median sale price per square foot in Lanham is $258, up 18.3% since last year.
Lanham Housing Market Trends
In March 2024, Lanham home prices were up 6.4% compared to last year, selling for a median price of $479K. On average, homes in Lanham sell after 40 days on the market compared to 38 days last year. There were 12 homes sold in March this year, down from 13 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
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 34 days.
- Hot homescan sell for about 2% above list price and go pending in around 12 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 26 days.
- Hot homescan sell for about 1% 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
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 43 days.
- Hot homescan sell for about 2% above list price and go pending in around 23 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 Atlanta and Hartford.
- 81% 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 | Jan '24 - Mar '24 | ||
1 | 3,185 | ||
2 | 1,376 | ||
3 | 525 | ||
4 | 384 | ||
5 | 26 | ||
6 | 13 | ||
7 | 11 | ||
8 | 10 | ||
9 | 5 | ||
10 | 5 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 4,584 | ||
2 | 2,396 | ||
3 | 2,070 | ||
4 | 1,555 | ||
5 | 1,496 | ||
6 | 1,356 | ||
7 | 1,298 | ||
8 | 1,266 | ||
9 | 982 | ||
10 | 808 |
Home offer insights for Lanham
Recent offers
View houses in Lanham that sold recently
Recently sold homes
- $455,000 Last Sold Price3 beds2.5 baths2,340 sq ft5518 Lanteen St, Lanham, MD 20706(703) 815-5700List Price$450,000Sale to List1% over listDays on Market40 days5518 Lanteen St, Lanham, MD 20706
- $400,000 Last Sold Price3 beds1.5 baths1,056 sq ft5513 Belva Pl, Lanham, MD 20706(301) 609-9000List Price$336,000Sale to List19% over listDays on Market15 days5513 Belva Pl, Lanham, MD 20706
- $445,000 Last Sold Price3 beds2.5 baths1,672 sq ft5116 Aldershot Dr, Lanham, MD 20706(301) 249-1600List Price$449,900Sale to List1% under listDays on Market92 days5116 Aldershot Dr, Lanham, MD 20706
- $480,000 Last Sold Price4 beds3.5 baths1,624 sq ft10225 Windsor Oaks Way, Lanham, MD 20706(410) 990-0200List Price$480,000Sale to List0% over listDays on Market29 days10225 Windsor Oaks Way, Lanham, MD 20706
- $470,000 Last Sold Price4 beds2.5 baths1,276 sq ft9115 Fowler Ln, Lanham, MD 20706(703) 897-7071List Price$454,900Sale to List3% over listDays on Market41 days9115 Fowler Ln, Lanham, MD 20706
- $685,000 Last Sold Price6 beds3.5 baths3,831 sq ft6511 Manton Way, Lanham, MD 20706(301) 445-1395List Price$680,000Sale to List1% over listDays on Market69 days6511 Manton Way, Lanham, MD 20706
- $509,467 Last Sold Price3 beds3.5 baths1,925 sq ft4831 Vista Green Ln, Lanham, MD 20706(240) 457-9391List Price$490,185Sale to List4% over listDays on Market294 days4831 Vista Green Ln, Lanham, MD 20706
- $330,000 Last Sold Price3 beds2.5 baths1,864 sq ft10509 Storch Dr, Lanham, MD 20706(703) 533-8660List Price$350,000Sale to List6% under listDays on Market15 days10509 Storch Dr, 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 | 338 Students | 4 reviews |
4/10 Magnolia Elementary School Public • PreK-6 | 517 Students | 9 reviews |
3/10 Gaywood Elementary School Public • PreK-5 | 486 Students | 4 reviews |
3/10 James McHenry Elementary School Public • PreK-5 | 735 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
Wind Factor
Wind likelihood over time
Heat Factor - Severe
Heat Factor
Transportation in Lanham
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