Is North Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $252.5K | - | N/A |
| 2 Bedrooms | $315K | $270K | -14.3% |
| 3 Bedrooms | $369K | $344.5K | -6.6% |
| 4 Bedrooms | $414.9K | $444.5K | +7.1% |
| 5+ Bedrooms | $1.1M | $615K | -46.5% |
Median Sold Price Compared To Nearby Cities
| Chesapeake Beach | $352K | $369.9K | +5.1% |
| North Beach | $360K | $372.7K | +3.5% |
| North Beach | $359.3K | $344.5K | -4.1% |
How many homes are available in North Beach, MD?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 19 | 23 | +21.1% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 5 | 6 | +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
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 2022 | Apr 2023 | % |
|---|---|---|
| 37 Days | 18 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
Key Takeaway
Many homes in North Beach are selling fast, if you're buying plan to act quickly.
