Is North Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
$437,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in North Beach have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in North Beach was $437,500 in June 2024, up 18.6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $226K | -5.8% |
| 2 Bedrooms | $275.5K | $392.4K | +42.5% |
| 3 Bedrooms | $369.4K | $430K | +16.4% |
| 4 Bedrooms | $459K | $525K | +14.4% |
| 5+ Bedrooms | $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 42.5%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Chesapeake Beach | $386.5K | $484K | +25.2% |
| North Beach | $369K | $437.5K | +18.6% |
| North Beach | $366.2K | $430K | +17.4% |
| Tracys Landing | $710K | $680K | -4.2% |
Housing Supply in North Beach, MD
How many homes are available in North Beach, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The North Beach real estate market had 29 homes for sale in June 2024, a 6.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 4 | +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 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Beach, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in North Beach in June 2024, down by 15.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% 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 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 7 Days | 20 Days | +183.4% |
Summary: Homes in North Beach had an average of 20 days on market in Jun 2024, up by 183.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were 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.
Summary: During June 2024, 11 homes were sold in North Beach; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
