Is North Beach, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Beach is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, North Beach has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Beach, MD

How much do homes in North Beach, MD cost?

Median Sold Price

$430,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$63,750(+17.4%)

Key Takeaway

Homes in North Beach have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in North Beach was $430,000 in June 2024, up 17.4% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $240K$226K
-5.8%
2 $274K$382.4K
+39.6%
3 $367.5K$430K
+17.0%
4 $412.5K$525K
+27.3%
5+ $615K$756K
+22.9%

Summary: North Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 39.6%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 22.9%.

Median Sold Price Compared To Nearby Cities

Chesapeake Beach
+25.2%
North Beach
+18.6%
North Beach
+17.4%

Housing Supply in North Beach, MD

How many homes are available in North Beach, MD?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2927-6.9%

Summary: The North Beach real estate market had 27 homes for sale in June 2024, a 6.9% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 01
+100.0%
2 32
-33.3%
3 1714
-17.6%
4 76
-14.3%
5+ 24
+100.0%

Summary: The North Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in North Beach in June 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.

Days on Market for North Beach, MD

How long does it take to sell a home in North Beach, MD?

Average Sale Time

Jun 2023Jun 2024CHANGE
7 Days18 Days+154.4%

Summary: Homes in North Beach had an average of 18 days on market in Jun 2024, up by 154.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Beach are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 10 homes were sold in North Beach; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in North Beach, MD

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