Is Perryville, 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, Perryville was a Seller's Market.
Housing Prices in Perryville, MD
How much do homes in Perryville, MD cost?
Median Sold Price
$370,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Perryville was $370,000 in May 2024, up 20.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $335K | $315K | -6.0% |
3 Bedrooms | $289.9K | $307.7K | +6.2% |
4 Bedrooms | $337K | $410K | +21.7% |
5+ Bedrooms | $275K | $453.3K | +64.8% |
Summary: Perryville 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 6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 64.8%.
Housing Supply in Perryville, MD
How many homes are available in Perryville, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Summary: The Perryville real estate market had 28 homes for sale in May 2024, a 33.3% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Perryville 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 increased by 40%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Perryville in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Perryville, MD
How long does it take to sell a home in Perryville, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 17 Days | -40.5% |
Summary: Homes in Perryville had an average of 17 days on market in May 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
2 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, 3 homes were sold in Perryville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.