Is Brunswick, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Brunswick was a Neutral Market.
Key Takeaway
Brunswick is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brunswick, MD
How much do homes in Brunswick, MD cost?
Median Sold Price
$391,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Brunswick has remained the same since last year.
Summary: The median home sold price in Brunswick was $391,000 in March 2024, down 0.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260.5K | $252K | -3.3% |
| 3 Bedrooms | $336K | $335K | -0.3% |
| 4 Bedrooms | $476.4K | $519.9K | +9.1% |
| 5+ Bedrooms | $640K | $630K | -1.6% |
Summary: Brunswick 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 3.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in Brunswick, MD
How many homes are available in Brunswick, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 73 | +17.7% |
Summary: The Brunswick real estate market had 73 homes for sale in March 2024, a 17.7% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 25 | 34 | +36.0% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Brunswick 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 36%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brunswick, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Brunswick in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Brunswick, MD
How long does it take to sell a home in Brunswick, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 46 Days | +37.0% |
Summary: Homes in Brunswick had an average of 46 days on market in Mar 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brunswick are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Brunswick; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
