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

Housing Market Conditions



Gauge showing Salisbury is a neutral's market


Difference Since March 2023

At the same time last year, Salisbury was a Seller's Market.

Key Takeaway

Salisbury is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Salisbury, MD

How much do homes in Salisbury, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Salisbury have sold for 22.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $141K$140K
2 $150K$175K
3 $204.9K$243.5K
4 $254.9K$328.6K
5+ $390.7K$369K

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 2024Mar 2024CHANGE

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

# BEDSFeb 2024Mar 2024CHANGE
1 11
2 3128
3 155164
4 9391
5+ 1515

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 2024Mar 2024CHANGE

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
34 Days25 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 20 Days Ago

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