$525,000
2,650 SqFt
5 Beds
•3 Full Baths
Darron Whitehead, Listing Office: Whitehead Real Estate Exec.
October 2024
Report Updated 6 Days Ago
Is Salisbury, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Salisbury was a Seller's Market.
How much do homes in Salisbury, MD cost?
$259,450
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Salisbury was $259,450 in October 2024, up 7.1% from last year, and the median price per square foot was $166.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $171.7K | +22.6% |
2 Bedrooms | $160K | $175K | +9.4% |
3 Bedrooms | $230.7K | $249K | +7.9% |
4 Bedrooms | $339.6K | $323.7K | -4.7% |
5+ Bedrooms | $369K | $440K | +19.2% |
Summary: Salisbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 19.2%.
How many homes are available in Salisbury, MD?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
256 | 278 | +8.6% |
Summary: The Salisbury real estate market had 278 homes for sale in October 2024, a 8.6% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 31 | 36 | +16.1% |
3 Bedrooms | 144 | 162 | +12.5% |
4 Bedrooms | 66 | 61 | -7.6% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Salisbury housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 28.6%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
50 | 46 | -8.0% |
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Salisbury in October 2024, down by 8.0% month-over-month. Of the 46 sold homes, 52% were sold under asking, 20% were sold at asking, and 28% were sold over asking.
How long does it take to sell a home in Salisbury, MD?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
20 Days | 34 Days | +72.4% |
Summary: Homes in Salisbury had an average of 34 days on market in Oct 2024, up by 72.4% compared to last year.
24 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During October 2024, 46 homes were sold in Salisbury; 52% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 4% 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 6 Days Ago
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Based on information from BrightMLS for the period 11/01/2022 - 11/01/2024
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/7/2024, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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