Is North East, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, North East was a Seller's Market.
Housing Prices in North East, MD
How much do homes in North East, MD cost?
Median Sold Price
$347,450
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in North East was $347,450 in February 2024, up 19.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $245K | $275K | +12.2% |
3 Bedrooms | $271K | $300K | +10.7% |
4 Bedrooms | $400K | $476.5K | +19.1% |
5+ Bedrooms | $460K | $469.9K | +2.2% |
Summary: North East housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in North East, MD
How many homes are available in North East, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
100 | 105 | +5.0% |
Summary: The North East real estate market had 105 homes for sale in February 2024, a 5.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 30 | 35 | +16.7% |
4 Bedrooms | 54 | 52 | -3.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The North East housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 17 | +142.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in North East in February 2024, up by 142.9% month-over-month. Of the 17 sold homes, 35% were sold under asking, 41% were sold at asking, and 24% were sold over asking.
Days on Market for North East, MD
How long does it take to sell a home in North East, MD?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
62 Days | 25 Days | -58.5% |
Summary: Homes in North East had an average of 25 days on market in Feb 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 17 homes were sold in North East; 59% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.