Is West River, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, West River has remained a Seller's Market.
Key Takeaway
West River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West River, MD
How much do homes in West River, MD cost?
Median Sold Price
$705,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in West River have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in West River was $705,000 in June 2024, up 8.5% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $485K | N/A |
| 3 Bedrooms | $475K | $525K | +10.5% |
| 4 Bedrooms | $649.9K | $720K | +10.8% |
| 5+ Bedrooms | $688.5K | $772.5K | +12.2% |
Summary: West River housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in West River, MD
How many homes are available in West River, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The West River real estate market had 7 homes for sale in June 2024, a 40.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West River housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West River, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in West River in June 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for West River, MD
How long does it take to sell a home in West River, MD?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 39 Days | 80 Days | +102.5% |
Summary: Homes in West River had an average of 80 days on market in Jun 2024, up by 102.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West River are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 2 homes were sold in West River; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
