Lake Arbor, MD Housing Market
The Lake Arbor housing market is very competitive. The median sale price of a home in Lake Arbor was $423K last month, up 29.2% since last year. The median sale price per square foot in Lake Arbor is $274, up 13.0% since last year.
Lake Arbor Housing Market Trends
In March 2024, Lake Arbor home prices were up 29.2% compared to last year, selling for a median price of $423K. On average, homes in Lake Arbor sell after 38 days on the market compared to 63 days last year. There were 14 homes sold in March this year, up from 8 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 around list price and go pending in around 34 days.
- Hot homescan sell for about 2% above list price and go pending in around 14 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% above list price and go pending in around 42 days.
- Hot homescan sell for about 2% above list price and go pending in around 27 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 Atlanta and Hartford.
- 81% 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 | 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 Lake Arbor
Recent offers
- Offer Not Accepted|6 Weeks Ago~$475K OfferSold for $475K4 bd | 3 ba | ~1,750 sqftOver List Price0%Days on Market9Competing Offers2Down Payment<10%
- Offer Not Accepted|10 Weeks Ago~$650K OfferSold for $650K7 bd | 3.5 ba | ~2,750 sqftOver List Price0%Days on Market6Competing Offers2Down Payment—
View houses in Lake Arbor that sold recently
Recently sold homes
- $386,000 Last Sold Price2 beds2.5 baths1,660 sq ft10011 Broadleaf St #14, Bowie, MD 20721(202) 243-7700List Price$369,999Sale to List4% over listDays on Market22 days10011 Broadleaf St #14, Bowie, MD 20721
- $640,000 Last Sold Price5 beds3.5 baths2,204 sq ft805 Festival Ct, Bowie, MD 20721(410) 224-3200List Price$615,000Sale to List4% over listDays on Market29 days805 Festival Ct, Bowie, MD 20721
- $340,000 Last Sold Price4 beds2.5 baths2,040 sq ft216 Harry S. Truman Dr #25179, Upper Marlboro, MD 20774(703) 378-8810List Price$387,500Sale to List12% under listDays on Market21 days216 Harry S. Truman Dr #25179, Upper Marlboro, MD 20774
- $587,000 Last Sold Price4 beds3 baths2,338 sq ft10806 River Oaks Ter, Bowie, MD 20721(301) 970-2447List Price$593,000Sale to List1% under listDays on Market195 days10806 River Oaks Ter, Bowie, MD 20721
- $159,000 Last Sold Price1 bed1 bath616 sq ft1023 Summerglenn Ct #304, Bowie, MD 20721(410) 822-6272List Price$159,000Sale to List0% over listDays on Market61 days1023 Summerglenn Ct #304, Bowie, MD 20721
- $412,000 Last Sold Price4 beds3.5 baths1,360 sq ft612 Lisle Dr, Bowie, MD 20721List Price$412,000Sale to List0% over listDays on Market34 days612 Lisle Dr, Bowie, MD 20721
- $520,000—beds—baths4,674 sq ft2100 Kaden Ct #6, Bowie, MD 20721Days on Market—2100 Kaden Ct #6, Bowie, MD 20721
- $450,000 Last Sold Price4 beds3.5 baths2,056 sq ft10635 Lazy Day Ln, Bowie, MD 20721(301) 825-5060List Price$449,900Sale to List0% over listDays on Market37 days10635 Lazy Day Ln, Bowie, MD 20721
See all recently sold homes in Lake Arbor.
See listings
Schools in Lake Arbor
- Elementary
- Middle
- High
GreatSchools Rating
5/10 Lake Arbor Elementary School Public • PreK-5 | 557 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
More real estate resources for Lake Arbor
New Listings in Lake Arbor
Nearby City Housing Markets
Neighborhood Housing Markets
Zip Code Housing Markets
Nearby City Listings
Neighborhood Listings
Zip Code Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.