Is Brunswick, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brunswick has remained a Seller's Market.
Key Takeaway
Brunswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brunswick, MD
How much do homes in Brunswick, MD cost?
Median Sold Price
$375,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brunswick have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Brunswick was $375,000 in May 2024, down 6.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $263K | $216.6K | -17.6% |
| 3 Bedrooms | $332.5K | $325K | -2.3% |
| 4 Bedrooms | $479.7K | $459.9K | -4.1% |
| 5+ Bedrooms | $742.8K | $575.5K | -22.5% |
Summary: Brunswick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 22.5%.
Housing Supply in Brunswick, MD
How many homes are available in Brunswick, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 60 | +20.0% |
Summary: The Brunswick real estate market had 60 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Brunswick housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brunswick, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Brunswick in May 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Brunswick, MD
How long does it take to sell a home in Brunswick, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 16 Days | -31.6% |
Summary: Homes in Brunswick had an average of 16 days on market in May 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brunswick are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Brunswick; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
