Is Cecil County, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cecil County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Cecil County has remained a Seller's Market.

Key Takeaway

Cecil County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cecil County, MD cost?

Median Sold Price

$306,559

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$21,698(+7.6%)

Key Takeaway

Homes in Cecil County have sold for 7.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $170K$150K
-11.8%
2 $195K$234K
+20.0%
3 $260K$287.9K
+10.7%
4 $360K$390K
+8.3%
5+ $420K$521K
+24.0%

Median Sold Price Compared To Nearby Counties

Kent County
+14.8%
New Castle County
+10.3%
Chester County
+9.0%
Harford County
+8.5%
Cecil County
+7.6%

How many homes are available in Cecil County, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
350349-0.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 4547
+4.4%
3 153167
+9.2%
4 116111
-4.3%
5+ 3624
-33.3%

Number of Homes Sold

Sep 2022Oct 2022%
9377-17.2%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cecil County, you could pay more than the asking price. 39% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
16 Days22 Days+32.8%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cecil County 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 Cecil County, MD

Cecil County, MD has 349 homes for sale to choose from. The inventory of homes for sale in Cecil County, MD between September 2022 and October 2022 decreased by 0.3%. In October 2022 median list price was $306,559 and the average listing age was 22 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went down by 11.8%, 2 bedrooms properties became 20% more expensive, 3 bedrooms properties became 10.7% more expensive, prices of 4 bedrooms properties went up by 8.3%, prices of 5 bedrooms properties went up by 24%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 4.4%, number of 3 bedrooms homes increased by 9.2%, 4 bedrooms homes inventory decreased by 4.3%, 5 bedrooms homes inventory decreased by 33.3%. Cecil County, MD housing market in October 2022 saw over 30 listings sold above listed price, more than 18 sold at listed price and over 29 sold below.

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