Explore Aspen Hill, MD - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
-0.19%
Investor Friendly Score
-0.19%
Median Price
$520,000

Market Insights

With only 1.2 months of inventory, Aspen Hill remains a seller's market. Home prices have decreased 6.3% in the past month. At the current pace, all available homes in Aspen Hill would sell out in just 1.2 months, indicating a continued supply shortage. Homes are taking about 35 days to sell, which is 11 days longer than this time last year. A significant 32.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 42.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Aspen Hill market with the affordability index at 61.6. Based on current market indicators, home prices in Aspen Hill are projected to decrease by approximately 8.5% over the next month.

Demographics market for - Aspen Hill, MD

Total Population -

56,565

White Population

41.70%

Black Population

16.68%

Mexican4.35% (1.33% of total population)
Puerto Rican3.99% (1.22% of total population)
Cuban0.67% (0.21% of total population)
Dominican2.79% (0.85% of total population)
Salvadoran44.14% (13.50% of total population)
Costa Rican0.16% (0.05% of total population)
Gautemalan7.68% (2.35% of total population)
Honduran5.97% (1.83% of total population)
Nicaraguan3.24% (0.99% of total population)
Panamanian0.92% (0.28% of total population)
Argentinean0.20% (0.06% of total population)
Bolivian4.72% (1.44% of total population)
Chilean0.94% (0.29% of total population)
Colombian3.31% (1.01% of total population)
Ecuadorian5.73% (1.75% of total population)
Peruvian7.50% (2.29% of total population)
Uruguyan3.13% (0.96% of total population)
Venezuelan0.57% (0.18% of total population)

Indian 2.92% (0.89% of total population)
Bangladeshi 0.05% (0.01% of total population)
Chinese 5.26% (1.61% of total population)
Bhutanese 0%
Burmese 0.64% (0.20% of total population)
Filipino 5.42% (1.66% of total population)
Hmong 0.07% (0.02% of total population)
Indonesian 0.16% (0.05% of total population)
Japanese 0.05% (0.02% of total population)
Korean 4.24% (1.30% of total population)
Laotian 0%
Malaysian 0.14% (0.04% of total population)
Mongolian 0%
Nepalese 0.43% (0.13% of total population)
Pakistani 1.62% (0.50% of total population)
Srilankan 2.33% (0.71% of total population)
Taiwanese 0.12% (0.04% of total population)
Pakistani 1.62% (0.50% of total population)
Srilankan 2.33% (0.71% of total population)
Taiwanese 0.12% (0.04% of total population)
Thai 1.39% (0.42% of total population)
Vietnamese 7.18% (2.20% of total population)

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Aspen Hill, MD

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Real Estate Market Prediction for - Aspen Hill, MD

City Hotspots
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