Is Golden Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Golden Beach has remained a Seller's Market.
Key Takeaway
Golden Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Golden Beach, MD
How much do homes in Golden Beach, MD cost?
Median Sold Price
$366,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Golden Beach have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Golden Beach was $366,000 in April 2024, up 3.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $291K | -3.0% |
| 3 Bedrooms | $349.9K | $347K | -0.8% |
| 4 Bedrooms | $360K | $402.5K | +11.8% |
| 5+ Bedrooms | $485K | $450K | -7.2% |
Summary: Golden Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in Golden Beach, MD
How many homes are available in Golden Beach, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The Golden Beach real estate market had 22 homes for sale in April 2024, a 29.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Golden Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Golden Beach, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Golden Beach in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Golden Beach, MD
How long does it take to sell a home in Golden Beach, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 14 Days | -29.5% |
Summary: Homes in Golden Beach had an average of 14 days on market in Apr 2024, down by 29.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Golden Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Golden Beach; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
