Is Snow Hill, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snow Hill is a buyer's market

Buyer's
Market

Difference Since May 2022

At the same time last year, Snow Hill was a Neutral Market.

Key Takeaway

Snow Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Snow Hill, MD cost?

Median Sold Price

$270,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$36,500(+15.6%)

Key Takeaway

Homes in Snow Hill have sold for 15.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
N/A
2 $170K$160K
-5.9%
3 $240K$214K
-10.8%
4 $152K$388.5K
+155.6%
5+ $420K$950K
+126.2%

How many homes are available in Snow Hill, MD?

Number of Homes For Sale

Apr 2023May 2023%
1517+13.3%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 12
+100.0%
3 1113
+18.2%
4 32
-33.3%
5+ 00
0.0%

Number of Homes Sold

Apr 2023May 2023%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snow Hill, you could pay more than the asking price. 100% of homes here sold above asking price last month.

How long does it take to sell a home in Snow Hill, MD?

How long does it take to sell a home in Snow Hill, MD?

Average Sale Time

May 2022May 2023%
2 Days15 Days+650.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Snow Hill 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 Snow Hill, MD

Snow Hill, MD has 17 homes on the market. The number of homes for sale in Snow Hill, MD increased by 13.3% between April 2023 and May 2023. In May 2023 median list price was $270,000 and the average listing age was 15 days. Real estate listing prices changed between April 2023 and May 2023: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went down by 5.9%, the cost of 3 bedrooms properties went down by 10.8%, prices of 4 bedrooms properties increased by 155.6%, prices of 5 bedrooms properties increased by 126.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes became 100% more available, the quantity of 3 bedrooms homes went up by 18.2%, volume of 4 bedrooms homes went down by 33.3%, volume of 5 bedrooms homes stayed the same. Over 1 listings were sold over their listed price in May 2023 in Snow Hill, MD. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.