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 April 2022

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.

How much do homes in North Beach, MD cost?

Median Sold Price

$344,500

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2022

-$14,850(-4.1%)

Key Takeaway

Homes in North Beach have sold for 4.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $252.5K-
N/A
2 $315K$270K
-14.3%
3 $369K$344.5K
-6.6%
4 $414.9K$444.5K
+7.1%
5+ $1.1M$615K
-46.5%

Median Sold Price Compared To Nearby Cities

Chesapeake Beach
+5.1%
North Beach
+3.5%
North Beach
-4.1%

How many homes are available in North Beach, MD?

Number of Homes For Sale

Mar 2023Apr 2023%
1923+21.1%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 00
0.0%
2 44
0.0%
3 814
+75.0%
4 75
-28.6%
5+ 00
0.0%

Number of Homes Sold

Mar 2023Apr 2023%
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Beach, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Apr 2022Apr 2023%
37 Days18 Days-51.3%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About North Beach, MD

Homes for sale in North Beach, MD have reached 23. The number of listings in North Beach, MD increased by 21.1% between March 2023 and April 2023. In April 2023 median list price was $344,500 and the average listing age was 18 days. Listing prices have changed in this real estate market between March 2023 and April 2023: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 14.3%, 3 bedrooms properties prices decreased by 6.6%, 4 bedrooms properties became 7.1% more expensive, the cost of 5 bedrooms properties went down by 46.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes increased by 75%, volume of 4 bedrooms homes went down by 28.6%, 5 bedrooms homes did not move. In April 2023 more than 4 listings in North Beach, MD were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.

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