Is Woodbine, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Woodbine has remained a Buyer's Market.
Key Takeaway
Woodbine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Woodbine, MD
How much do homes in Woodbine, MD cost?
Median Sold Price
$691,100
$266/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Woodbine have sold for 11.1% more than they did a month ago.
Summary: The median home sold price in Woodbine was $691,100 in March 2024, up 11.1% from last month, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $251K | $608K | +142.3% |
| 5+ Bedrooms | $993.5K | $1.2M | +28.1% |
Summary: Woodbine housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 142.3%, and 5+ bedroom homes increased by 28.1%.
Housing Supply in Woodbine, MD
How many homes are available in Woodbine, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Woodbine real estate market had 31 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Woodbine 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Woodbine, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Woodbine in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Woodbine, MD
How long does it take to sell a home in Woodbine, MD?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 12 Days | +60.0% |
Summary: Homes in Woodbine had an average of 12 days on market in Mar 2024, up by 60% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodbine are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Woodbine; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
