Is Fruitland, 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, Fruitland was a Neutral Market.
Key Takeaway
Fruitland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fruitland, MD
How much do homes in Fruitland, MD cost?
Median Sold Price
$262,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fruitland have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Fruitland was $262,000 in March 2024, up 4.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209.9K | $175K | -16.6% |
| 3 Bedrooms | $222K | $240K | +8.1% |
| 4 Bedrooms | $358.9K | $335K | -6.7% |
| 5+ Bedrooms | $350K | $372K | +6.3% |
Summary: Fruitland 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 16.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Salisbury | $204.9K | $250.5K | +22.2% |
| Fruitland | $249.9K | $262K | +4.8% |
Housing Supply in Fruitland, MD
How many homes are available in Fruitland, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Summary: The Fruitland real estate market had 39 homes for sale in March 2024, a 2.5% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Fruitland 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fruitland, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Fruitland in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Fruitland, MD
How long does it take to sell a home in Fruitland, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 107 Days | 81 Days | -24.7% |
Summary: Homes in Fruitland had an average of 81 days on market in Mar 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fruitland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Fruitland; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
