Is Rising Sun, 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, Rising Sun was a Seller's Market.
Housing Prices in Rising Sun, MD
How much do homes in Rising Sun, MD cost?
Median Sold Price
$358,450
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rising Sun was $358,450 in May 2024, up 10.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $288.7K | $199K | -31.1% |
3 Bedrooms | $302.5K | $330K | +9.1% |
4 Bedrooms | $353.5K | $450K | +27.3% |
5+ Bedrooms | $387.5K | $405K | +4.5% |
Summary: Rising Sun 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 31.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in Rising Sun, MD
How many homes are available in Rising Sun, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Summary: The Rising Sun real estate market had 17 homes for sale in May 2024, a 10.5% decrease 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rising Sun 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 increased by 11.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Rising Sun in May 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rising Sun, MD
How long does it take to sell a home in Rising Sun, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 5 Days | -56.4% |
Summary: Homes in Rising Sun had an average of 5 days on market in May 2024, down by 56.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Rising Sun; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.