Is North, 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, North was a Seller's Market.
Housing Prices in North, MD
How much do homes in North, MD cost?
Median Sold Price
$274,875
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North was $274,875 in March 2024, up 10% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111K | $142K | +27.9% |
2 Bedrooms | $200K | $225K | +12.5% |
3 Bedrooms | $245K | $255K | +4.1% |
4 Bedrooms | $325K | $358.5K | +10.3% |
5+ Bedrooms | $571K | $721K | +26.3% |
Summary: North housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Neighborhoods
North | $250K | $274.8K | +10.0% |
Roland Park | $750K | $660K | -12.0% |
Housing Supply in North, MD
How many homes are available in North, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
755 | 807 | +6.9% |
Summary: The North real estate market had 807 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 25 | -7.4% |
2 Bedrooms | 126 | 134 | +6.3% |
3 Bedrooms | 351 | 370 | +5.4% |
4 Bedrooms | 145 | 161 | +11.0% |
5+ Bedrooms | 106 | 117 | +10.4% |
Summary: The North housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 10.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 72 | +10.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in North in March 2024, up by 10.8% month-over-month. Of the 72 sold homes, 29% were sold under asking, 17% were sold at asking, and 54% were sold over asking.
Days on Market for North, MD
How long does it take to sell a home in North, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 21 Days | -40.4% |
Summary: Homes in North had an average of 21 days on market in Mar 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 72 homes were sold in North; 82% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.