Is Saint Michaels, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
At the same time last year, Saint Michaels was a Neutral Market.
Key Takeaway
Saint Michaels is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Saint Michaels, MD cost?
Median Sold Price
$566,250
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
-$55,750(-9.0%)
Key Takeaway
Homes in Saint Michaels have sold for 9% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $498.5K | $530K | +6.3% |
| 3 Bedrooms | $689.6K | $565K | -18.1% |
| 4 Bedrooms | $499K | $777K | +55.7% |
| 5+ Bedrooms | $1.8M | $1.3M | -29.7% |
How many homes are available in Saint Michaels, MD?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 14 | 11 | -21.4% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Michaels, you may be able to get a good deal. 50% of homes here sold below asking price last month.
How long does it take to sell a home in Saint Michaels, MD?
How long does it take to sell a home in Saint Michaels, MD?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 4 Days | 4 Days | +12.5% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Michaels are selling fast, if you're buying plan to act quickly.
