Is Bennsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bennsville has remained a Buyer's Market.
Key Takeaway
Bennsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bennsville, MD
How much do homes in Bennsville, MD cost?
Median Sold Price
$516,395
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bennsville have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Bennsville was $516,395 in March 2024, up 1.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | - | N/A |
| 3 Bedrooms | $425K | $442K | +4.0% |
| 4 Bedrooms | $515K | $525K | +1.9% |
| 5+ Bedrooms | $581.8K | $589.9K | +1.4% |
Summary: Bennsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in Bennsville, MD
How many homes are available in Bennsville, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 113 | 110 | -2.7% |
Summary: The Bennsville real estate market had 110 homes for sale in March 2024, a 2.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 45 | 45 | 0.0% |
| 5+ Bedrooms | 38 | 34 | -10.5% |
Summary: The Bennsville housing inventory by bedroom type for March 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 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bennsville, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Bennsville in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 9% were sold under asking, 45% were sold at asking, and 45% were sold over asking.
Days on Market for Bennsville, MD
How long does it take to sell a home in Bennsville, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 12 Days | -27.1% |
Summary: Homes in Bennsville had an average of 12 days on market in Mar 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bennsville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Bennsville; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
