Is Bishopville, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bishopville is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Bishopville was a Neutral Market.

Key Takeaway

Bishopville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Bishopville, MD cost?

Median Sold Price

$600,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$140,000(+30.4%)

Key Takeaway

Homes in Bishopville have sold for 30.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $205K-
N/A
3 $350K$437K
+24.9%
4 $487K$696K
+42.9%
5+ $855K$999K
+16.8%

Median Sold Price Compared To Nearby Cities

Bishopville
+30.4%
Ocean City
+15.2%
Selbyville
+14.7%

How many homes are available in Bishopville, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
1615-6.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 65
-16.7%
5+ 44
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bishopville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
36 Days1 Day-97.2%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bishopville are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bishopville, MD

Homes for sale in Bishopville, MD have reached 15. The number of listings in Bishopville, MD decreased by 6.3% between September 2022 and October 2022. While the average time on the market in October 2022 was 1 days, the median list price was $600,000. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties went up by 24.9%, 4 bedrooms properties prices increased by 42.9%, prices of 5 bedrooms properties increased by 16.8%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes stayed the same, the quantity of 4 bedrooms homes went down by 16.7%, number of 5 bedrooms homes remained the same. In October 2022, from all listings sold in Bishopville, MD there were more than 0 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.

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