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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brunswick is a buyer'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

-$1,500(-0.4%)

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $260.5K$252K
-3.3%
3 $336K$335K
-0.3%
4 $476.4K$519.9K
+9.1%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Knoxville
+8.0%
Catoctin
0.3%
Brunswick
-0.4%

Housing Supply in Brunswick, MD

How many homes are available in Brunswick, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6273+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2534
+36.0%
4 2828
0.0%
5+ 79
+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 2024Mar 2024CHANGE
67+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

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
33 Days46 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

Breakdown of Home Sale Times

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.

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

Report Updated 24 Days Ago

Newest Listings in Brunswick, MD

Nearby Markets to Brunswick, MD

What housing markets are near Brunswick, MD?