Is Broadway East, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Broadway East was a Seller's Market.
Key Takeaway
Broadway East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broadway East, MD
How much do homes in Broadway East, MD cost?
Median Sold Price
$63,000
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Broadway East have sold for 25.9% less than they did a year ago.
Summary: The median home sold price in Broadway East was $63,000 in May 2024, down 25.9% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $115K | +360.0% |
| 2 Bedrooms | $44.1K | $57K | +29.1% |
| 3 Bedrooms | $82.5K | $60K | -27.3% |
| 4 Bedrooms | $268.7K | $145K | -46.0% |
| 5+ Bedrooms | $145.7K | $185.9K | +27.6% |
Summary: Broadway East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 360%, 2 bedroom homes increased by 29.1%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 46%, and 5+ bedroom homes increased by 27.6%.
Median Sold Price Compared To Nearby Neighborhoods
| East | $143.9K | $123.6K | -14.1% |
| Broadway East | $85K | $63K | -25.9% |
Housing Supply in Broadway East, MD
How many homes are available in Broadway East, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 59 | +9.3% |
Summary: The Broadway East real estate market had 59 homes for sale in May 2024, a 9.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 40 | 43 | +7.5% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broadway East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway East, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Broadway East in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Broadway East, MD
How long does it take to sell a home in Broadway East, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 24 Days | -54.1% |
Summary: Homes in Broadway East had an average of 24 days on market in May 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadway East are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Broadway East; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
