Is Northeast, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Northeast has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | - | N/A |
2 Bedrooms | $127K | $143K | +12.6% |
3 Bedrooms | $195K | $196.2K | +0.6% |
4 Bedrooms | $261.2K | $277.2K | +6.1% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
782 | 816 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 71 | 80 | +12.7% |
3 Bedrooms | 452 | 475 | +5.1% |
4 Bedrooms | 197 | 196 | -0.5% |
5+ Bedrooms | 62 | 65 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
87 | 80 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 29 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
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.