Is Middle River, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Middle River was a Seller's Market.
Housing Prices in Middle River, MD
How much do homes in Middle River, MD cost?
Median Sold Price
$312,350
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Middle River was $312,350 in May 2024, up 0.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $190K | +36.7% |
2 Bedrooms | $227K | $235K | +3.5% |
3 Bedrooms | $295K | $282K | -4.4% |
4 Bedrooms | $373K | $420K | +12.6% |
5+ Bedrooms | $402.5K | $485K | +20.5% |
Summary: Middle River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
Essex | $259.9K | $275K | +5.8% |
Joppa | $317.5K | $326K | +2.7% |
Middle River | $309.5K | $312.3K | +0.9% |
White Marsh | $533K | $520K | -2.4% |
Housing Supply in Middle River, MD
How many homes are available in Middle River, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
131 | 151 | +15.3% |
Summary: The Middle River real estate market had 151 homes for sale in May 2024, a 15.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 66 | 82 | +24.2% |
4 Bedrooms | 36 | 39 | +8.3% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Middle River housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 19 | -36.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Middle River in May 2024, down by 36.7% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for Middle River, MD
How long does it take to sell a home in Middle River, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 14 Days | -58.3% |
Summary: Homes in Middle River had an average of 14 days on market in May 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Middle River; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.