Is Cecil County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cecil County has remained a Seller's Market.
Housing Prices in Cecil County, MD
How much do homes in Cecil County, MD cost?
Median Sold Price
$342,259
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cecil County was $342,259 in April 2024, up 6.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | $199.9K | +96.0% |
2 Bedrooms | $250K | $262.5K | +5.0% |
3 Bedrooms | $295K | $315K | +6.8% |
4 Bedrooms | $400K | $405K | +1.3% |
5+ Bedrooms | $570K | $550K | -3.5% |
Summary: Cecil County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Counties
Lancaster County | $299.9K | $325.3K | +8.5% |
Chester County | $469.9K | $503K | +7.0% |
Cecil County | $320K | $342.2K | +6.9% |
New Castle County | $329.8K | $345K | +4.6% |
Kent County | $328K | $315.9K | -3.7% |
Housing Supply in Cecil County, MD
How many homes are available in Cecil County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
256 | 292 | +14.1% |
Summary: The Cecil County real estate market had 292 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 31 | 30 | -3.2% |
3 Bedrooms | 104 | 126 | +21.2% |
4 Bedrooms | 94 | 106 | +12.8% |
5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Cecil County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 67 | -4.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Cecil County in April 2024, down by 4.3% month-over-month. Of the 67 sold homes, 31% were sold under asking, 21% were sold at asking, and 48% were sold over asking.
Days on Market for Cecil County, MD
How long does it take to sell a home in Cecil County, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 27 Days | +5.6% |
Summary: Homes in Cecil County had an average of 27 days on market in Apr 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 67 homes were sold in Cecil County; 81% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.