Is Grasonville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Grasonville was a Seller's Market.
Key Takeaway
Grasonville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grasonville, MD
How much do homes in Grasonville, MD cost?
Median Sold Price
$404,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grasonville have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Grasonville was $404,000 in April 2024, up 1.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $106K | N/A |
| 2 Bedrooms | $215K | $257.5K | +19.8% |
| 3 Bedrooms | $333K | $400K | +20.1% |
| 4 Bedrooms | $549.9K | $502.5K | -8.6% |
| 5+ Bedrooms | $505K | $553K | +9.5% |
Summary: Grasonville 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 increased by 19.8%, 3 bedroom homes increased by 20.1%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in Grasonville, MD
How many homes are available in Grasonville, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Grasonville real estate market had 10 homes for sale in April 2024, a 42.9% 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 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Grasonville 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grasonville, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Grasonville in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Grasonville, MD
How long does it take to sell a home in Grasonville, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 4 Days | -80.0% |
Summary: Homes in Grasonville had an average of 4 days on market in Apr 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grasonville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Grasonville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
