Is North Beach, 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, North Beach has remained a Seller's Market.
Housing Prices in North Beach, MD
How much do homes in North Beach, MD cost?
Median Sold Price
$415,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Beach was $415,000 in May 2024, up 12.7% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $272K | $375K | +37.9% |
3 Bedrooms | $355K | $415K | +16.9% |
4 Bedrooms | $444.5K | $497K | +11.8% |
5+ Bedrooms | $615K | $770.5K | +25.3% |
Summary: North Beach 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 increased by 37.9%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
Chesapeake Beach | $381.5K | $497K | +30.3% |
North Beach | $370K | $430K | +16.2% |
North Beach | $368.2K | $415K | +12.7% |
Housing Supply in North Beach, MD
How many homes are available in North Beach, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 33 | +6.5% |
Summary: The North Beach real estate market had 33 homes for sale in May 2024, a 6.5% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The North Beach 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 decreased by 25%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in North Beach in May 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for North Beach, MD
How long does it take to sell a home in North Beach, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 18 Days | +271.8% |
Summary: Homes in North Beach had an average of 18 days on market in May 2024, up by 271.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in North Beach; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.