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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Salisbury has remained a Seller's Market.

Key Takeaway

Salisbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Salisbury, MD cost?

Median Sold Price

$201,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$28,950(+16.8%)

Key Takeaway

Homes in Salisbury have sold for 16.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $72.5K$115K
+58.6%
2 $128.4K$135K
+5.1%
3 $177.2K$206.5K
+16.5%
4 $235K$234.9K
0%
5+ $258.7K$339.9K
+31.4%

Median Sold Price Compared To Nearby Cities

Fruitland
+19.1%
Salisbury
+16.8%

How many homes are available in Salisbury, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
12193-23.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 2118
-14.3%
3 6551
-21.5%
4 2317
-26.1%
5+ 106
-40.0%

Number of Homes Sold

Sep 2022Oct 2022%
3322-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
27 Days28 Days+2.9%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Salisbury, MD

Salisbury, MD has 93 homes for sale to choose from. The number of listings in Salisbury, MD decreased by 23.1% between September 2022 and October 2022. Listings spent 28 days on the market in October 2022, and had a median list price of $201,000 during the same period. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties became 58.6% more expensive, prices of 2 bedrooms properties increased by 5.1%, 3 bedrooms properties prices increased by 16.5%, the cost of 4 bedrooms properties have not changed, 5 bedrooms properties prices increased by 31.4%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 50%, volume of 2 bedrooms homes went down by 14.3%, 3 bedrooms homes inventory decreased by 21.5%, volume of 4 bedrooms homes went down by 26.1%, 5 bedrooms homes inventory decreased by 40%. In October 2022, from all listings sold in Salisbury, MD there were more than 9 sold above asking price, over 7 sold below and more than 6 were sold right at the asked price.

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