Is Cecil County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cecil County has remained a Seller's Market.
Key Takeaway
Cecil County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cecil County, MD
How much do homes in Cecil County, MD cost?
Median Sold Price
$342,259
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cecil County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Cecil County was $342,259 in April 2024, up 6.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102K | $199.9K | +96.0% |
| 2 Bedrooms | $250K | $262.5K | +5.0% |
| 3 Bedrooms | $295K | $315K | +6.8% |
| 4 Bedrooms | $400K | $405K | +1.3% |
| 5+ Bedrooms | $570K | $550K | -3.5% |
Summary: Cecil County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Counties
| Lancaster County | $299.9K | $325.3K | +8.5% |
| Chester County | $469.9K | $503K | +7.0% |
| Cecil County | $320K | $342.2K | +6.9% |
| New Castle County | $329.8K | $345K | +4.6% |
| Kent County | $328K | $315.9K | -3.7% |
Housing Supply in Cecil County, MD
How many homes are available in Cecil County, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 256 | 292 | +14.1% |
Summary: The Cecil County real estate market had 292 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 31 | 30 | -3.2% |
| 3 Bedrooms | 104 | 126 | +21.2% |
| 4 Bedrooms | 94 | 106 | +12.8% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Cecil County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 67 | -4.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cecil County, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Cecil County in April 2024, down by 4.3% month-over-month. Of the 67 sold homes, 31% were sold under asking, 21% were sold at asking, and 48% were sold over asking.
Days on Market for Cecil County, MD
How long does it take to sell a home in Cecil County, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 27 Days | +5.6% |
Summary: Homes in Cecil County had an average of 27 days on market in Apr 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cecil County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 67 homes were sold in Cecil County; 81% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
