Is Mardela Springs, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mardela Springs is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mardela Springs has remained a Seller's Market.

Key Takeaway

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

How much do homes in Mardela Springs, MD cost?

Median Sold Price

$250,000

$158/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

+$95,000(+61.3%)

Key Takeaway

Homes in Mardela Springs have sold for 61.3% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 $155K-
N/A
3 -$250K
N/A
4 --
N/A
5+ --
N/A

How many homes are available in Mardela Springs, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
32-33.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 10
-100.0%
3 11
0.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mardela Springs, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Sep 2022Oct 2022%
8 Days6 Days-25.0%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mardela Springs 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 Mardela Springs, MD

Mardela Springs, MD has 2 homes for sale to choose from. The inventory of homes for sale in Mardela Springs, MD between September 2022 and October 2022 decreased by 33.3%. The median list price of listings available in October 2022 was $250,000, while the average time on the real estate market was 6 days. This housing market listing prices have changed between October 2021 and October 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, the cost of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 100%, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. While more than 1 listings in Mardela Springs, MD in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.