Is North East, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, North East was a Buyer's Market.
Key Takeaway
North East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North East, MD
How much do homes in North East, MD cost?
Median Sold Price
$340,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in North East have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in North East was $340,000 in November 2023, up 19.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $269.5K | $270K | 0.2% |
| 3 Bedrooms | $255.2K | $305K | +19.5% |
| 4 Bedrooms | $379.8K | $475K | +25.1% |
| 5+ Bedrooms | $405.5K | $469.9K | +15.9% |
Summary: North East housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 25.1%, and 5+ bedroom homes increased by 15.9%.
Housing Supply in North East, MD
How many homes are available in North East, MD?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 107 | 107 | 0.0% |
Summary: The North East real estate market had 107 homes for sale in November 2023, the same as October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 43 | 41 | -4.7% |
| 4 Bedrooms | 46 | 48 | +4.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The North East housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North East, expect to pay close to the asking price. 34.8% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in North East in November 2023, up by 27.8% month-over-month. Of the 23 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 34 Days | 20 Days | -41.4% |
Summary: Homes in North East had an average of 20 days on market in Nov 2023, down by 41.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North East are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 23 homes were sold in North East; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
