Is Middle River, 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, Middle River was a Seller's Market.
Housing Prices in Middle River, MD
How much do homes in Middle River, MD cost?
Median Sold Price
$310,250
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middle River was $310,250 in March 2024, up 0.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $190K | +36.7% |
2 Bedrooms | $227.5K | $240K | +5.5% |
3 Bedrooms | $273.7K | $283.7K | +3.7% |
4 Bedrooms | $372K | $390K | +4.8% |
5+ Bedrooms | $402.5K | $485K | +20.5% |
Summary: Middle River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in Middle River, MD
How many homes are available in Middle River, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 229 | +5.0% |
Summary: The Middle River real estate market had 229 homes for sale in March 2024, a 5.0% increase 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 | 25 | 26 | +4.0% |
3 Bedrooms | 109 | 113 | +3.7% |
4 Bedrooms | 66 | 70 | +6.1% |
5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Middle River 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 increased by 4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 26 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Middle River in March 2024, the same as the previous month. Of the 26 sold homes, 27% were sold under asking, 27% were sold at asking, and 46% were sold over asking.
Days on Market for Middle River, MD
How long does it take to sell a home in Middle River, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 18 Days | -38.9% |
Summary: Homes in Middle River had an average of 18 days on market in Mar 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Middle River; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.