Is North Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$410,500
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Beach have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in North Beach was $410,500 in March 2024, up 4.5% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $273.5K | $402K | +47.0% |
| 3 Bedrooms | $393K | $405K | +3.1% |
| 4 Bedrooms | $479.5K | $479K | -0.1% |
| 5+ Bedrooms | $882.5K | $631K | -28.5% |
Summary: North Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 28.5%.
Median Sold Price Compared To Nearby Cities
| Chesapeake Beach | $365K | $500K | +37.0% |
| North Beach | $377.5K | $403.2K | +6.8% |
| North Beach | $393K | $410.5K | +4.5% |
Housing Supply in North Beach, MD
How many homes are available in North Beach, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 47 | +9.3% |
Summary: The North Beach real estate market had 47 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The North Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in North Beach in March 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 109 Days | +321.2% |
Summary: Homes in North Beach had an average of 109 days on market in Mar 2024, up by 321.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in North Beach; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
