$4,988 Closing Credit*
$420,000
1,908 SqFt
4 Beds
•2 Full Baths
Beth A Carroll, Listing Office: Hutchins Properties
Is North Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, North Beach was a Seller's Market.
Key Takeaway
North Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Beach, MD
How much do homes in North Beach, MD cost?
Median Sold Price
$450,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$64,000(+16.6%)
Key Takeaway
Homes in North Beach have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in North Beach was $450,000 in September 2024, up 16.6% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $251.5K | +4.8% |
| 2 Bedrooms | $277K | $392.4K | +41.7% |
| 3 Bedrooms | $406.7K | $413.5K | +1.7% |
| 4 Bedrooms | $452K | $527.4K | +16.7% |
| 5+ Bedrooms | $623K | $756K | +21.3% |
Summary: North Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
| North Beach | $386K | $450K | +16.6% |
| North Beach | $398.2K | $450K | +13.0% |
| Chesapeake Beach | $425K | $430K | +1.2% |
Housing Supply in North Beach, MD
How many homes are available in North Beach, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Summary: The North Beach real estate market had 27 homes for sale in September 2024, a 50.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 15 | +114.3% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 114.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Beach, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in North Beach in September 2024, down by 87.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 11 Days | 62 Days | +445.1% |
Summary: Homes in North Beach had an average of 62 days on market in Sep 2024, up by 445.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Beach has remained consistent over time.
Summary: During September 2024, 1 homes were sold in North Beach; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
