Is Cecil County, 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, Cecil County was a Seller's Market.
Key Takeaway
Cecil County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cecil County, MD
How much do homes in Cecil County, MD cost?
Median Sold Price
$340,750
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cecil County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Cecil County was $340,750 in March 2024, up 7.5% 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 | $125K | $196.4K | +57.2% |
| 2 Bedrooms | $249.9K | $265K | +6.0% |
| 3 Bedrooms | $295K | $315K | +6.8% |
| 4 Bedrooms | $400K | $410.6K | +2.7% |
| 5+ Bedrooms | $550K | $550K | 0.0% |
Summary: Cecil County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Lancaster County | $295.7K | $324.9K | +9.9% |
| Cecil County | $316.9K | $340.7K | +7.5% |
| Chester County | $466.5K | $500.2K | +7.2% |
| New Castle County | $327.6K | $341.3K | +4.2% |
| Kent County | $329K | $314.9K | -4.3% |
Housing Supply in Cecil County, MD
How many homes are available in Cecil County, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 433 | 430 | -0.7% |
Summary: The Cecil County real estate market had 430 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 44 | 45 | +2.3% |
| 3 Bedrooms | 172 | 167 | -2.9% |
| 4 Bedrooms | 163 | 160 | -1.8% |
| 5+ Bedrooms | 53 | 56 | +5.7% |
Summary: The Cecil County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 55 | -29.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cecil County, you may be able to get a good deal. 34.5% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Cecil County in March 2024, down by 29.5% month-over-month. Of the 55 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.
Days on Market for Cecil County, MD
How long does it take to sell a home in Cecil County, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 31 Days | +10.7% |
Summary: Homes in Cecil County had an average of 31 days on market in Mar 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cecil County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 55 homes were sold in Cecil County; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
