Is Broadway East, 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, Broadway East has remained a Buyer's Market.
Key Takeaway
Broadway East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broadway East, MD
How much do homes in Broadway East, MD cost?
Median Sold Price
$63,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Broadway East have sold for 33.5% less than they did a year ago.
Summary: The median home sold price in Broadway East was $63,000 in March 2024, down 33.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $30K | N/A |
| 2 Bedrooms | $179.9K | $44K | -75.5% |
| 3 Bedrooms | $79.7K | $63K | -21.0% |
| 4 Bedrooms | $220K | $145K | -34.1% |
| 5+ Bedrooms | $145.7K | $109.9K | -24.6% |
Summary: Broadway East 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 decreased by 75.5%, 3 bedroom homes decreased by 21%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes decreased by 24.6%.
Housing Supply in Broadway East, MD
How many homes are available in Broadway East, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 162 | 166 | +2.5% |
Summary: The Broadway East real estate market had 166 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 106 | 110 | +3.8% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Broadway East 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 decreased by 5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway East, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Broadway East in March 2024, down by 66.7% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Broadway East, MD
How long does it take to sell a home in Broadway East, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 54 Days | +145.5% |
Summary: Homes in Broadway East had an average of 54 days on market in Mar 2024, up by 145.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Broadway East are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Broadway East; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
