Is Salisbury, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Salisbury was a Seller's Market.
Housing Prices in Salisbury, MD
How much do homes in Salisbury, MD cost?
Median Sold Price
$250,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Salisbury was $250,500 in March 2024, up 22.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141K | $140K | -0.7% |
2 Bedrooms | $150K | $175K | +16.7% |
3 Bedrooms | $204.9K | $243.5K | +18.8% |
4 Bedrooms | $254.9K | $328.6K | +28.9% |
5+ Bedrooms | $390.7K | $369K | -5.6% |
Summary: Salisbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Salisbury, MD
How many homes are available in Salisbury, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
295 | 299 | +1.4% |
Summary: The Salisbury real estate market had 299 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 31 | 28 | -9.7% |
3 Bedrooms | 155 | 164 | +5.8% |
4 Bedrooms | 93 | 91 | -2.2% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Salisbury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 43 | +7.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Salisbury in March 2024, up by 7.5% month-over-month. Of the 43 sold homes, 47% were sold under asking, 19% were sold at asking, and 35% were sold over asking.
Days on Market for Salisbury, MD
How long does it take to sell a home in Salisbury, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -27.4% |
Summary: Homes in Salisbury had an average of 25 days on market in Mar 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in Salisbury; 63% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.