Is Northeast, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Northeast has remained a Buyer's Market.

Key Takeaway

Northeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Northeast, MD

How much do homes in Northeast, MD cost?

Median Sold Price

$215,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$8,890(+4.3%)

Key Takeaway

Homes in Northeast have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Northeast was $215,000 in February 2024, up 4.3% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $60K-
N/A
2 $127K$143K
+12.6%
3 $195K$196.2K
+0.6%
4 $261.2K$277.2K
+6.1%
5+ $299.9K$350K
+16.7%

Summary: Northeast 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 12.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 16.7%.

Housing Supply in Northeast, MD

How many homes are available in Northeast, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
782816+4.3%

Summary: The Northeast real estate market had 816 homes for sale in February 2024, a 4.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 7180
+12.7%
3 452475
+5.1%
4 197196
-0.5%
5+ 6265
+4.8%

Summary: The Northeast 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 12.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
8780-8.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.

Summary: A total of 80 homes were sold or pending in Northeast in February 2024, down by 8.0% month-over-month. Of the 80 sold homes, 34% were sold under asking, 29% were sold at asking, and 38% were sold over asking.

Days on Market for Northeast, MD

How long does it take to sell a home in Northeast, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
37 Days29 Days-21.4%

Summary: Homes in Northeast had an average of 29 days on market in Feb 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northeast are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 80 homes were sold in Northeast; 60% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 5% 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 28 Days Ago

Newest Listings in Northeast, MD

Nearby Markets to Northeast, MD