Is Southeast, 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, Southeast was a Neutral Market.
Key Takeaway
Southeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southeast, MD
How much do homes in Southeast, MD cost?
Median Sold Price
$325,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Southeast have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Southeast was $325,000 in March 2024, up 4.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $215K | +8.0% |
| 2 Bedrooms | $260K | $280K | +7.7% |
| 3 Bedrooms | $342.6K | $350K | +2.1% |
| 4 Bedrooms | $452.5K | $470K | +3.9% |
| 5+ Bedrooms | $500K | $607.5K | +21.5% |
Summary: Southeast housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Athena Square Townhomes | $347K | $377.5K | +8.8% |
| Southeast | $310.2K | $325K | +4.8% |
Housing Supply in Southeast, MD
How many homes are available in Southeast, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 674 | 728 | +8.0% |
Summary: The Southeast real estate market had 728 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 29 | -3.3% |
| 2 Bedrooms | 221 | 230 | +4.1% |
| 3 Bedrooms | 307 | 332 | +8.1% |
| 4 Bedrooms | 105 | 123 | +17.1% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Southeast housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 72 | +1.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 72 homes were sold or pending in Southeast in March 2024, up by 1.4% month-over-month. Of the 72 sold homes, 32% were sold under asking, 24% were sold at asking, and 44% were sold over asking.
Days on Market for Southeast, MD
How long does it take to sell a home in Southeast, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | +1.3% |
Summary: Homes in Southeast had an average of 35 days on market in Mar 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 72 homes were sold in Southeast; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
