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 January 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

$412,000

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$17,500(+4.4%)

Key Takeaway

Homes in North Beach have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in North Beach was $412,000 in January 2024, up 4.4% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 -$240K
N/A
2 $270K$395K
+46.3%
3 $400K$408.5K
+2.1%
4 $500K$459K
-8.2%
5+ $1.1M$623K
-45.8%

Summary: North Beach housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 45.8%.

Median Sold Price Compared To Nearby Cities

Chesapeake Beach
+20.3%
North Beach
+4.4%

Housing Supply in North Beach, MD

How many homes are available in North Beach, MD?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
46460.0%

Summary: The North Beach real estate market had 46 homes for sale in January 2024, the same as December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 21
-50.0%
2 54
-20.0%
3 2226
+18.2%
4 1412
-14.3%
5+ 33
0.0%

Summary: The North Beach housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Beach, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in North Beach in January 2024, up by 42.9% month-over-month. Of the 10 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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

Jan 2023Jan 2024CHANGE
47 Days28 Days-40.3%

Summary: Homes in North Beach had an average of 28 days on market in Jan 2024, down by 40.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 January 2024, 10 homes were sold in North Beach; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 21 Days Ago

Newest Listings in North Beach, MD

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