Is Middle River, 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, Middle River has remained a Seller's Market.
Key Takeaway
Middle River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middle River, MD
How much do homes in Middle River, MD cost?
Median Sold Price
$312,350
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middle River have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Middle River was $312,350 in April 2024, up 2.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139K | $190K | +36.7% |
| 2 Bedrooms | $226.5K | $232.9K | +2.8% |
| 3 Bedrooms | $275K | $286K | +4.0% |
| 4 Bedrooms | $373.3K | $410K | +9.8% |
| 5+ Bedrooms | $395K | $485K | +22.8% |
Summary: Middle River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 22.8%.
Median Sold Price Compared To Nearby Cities
| Joppa | $312.5K | $330K | +5.6% |
| Essex | $259.9K | $269.5K | +3.7% |
| Middle River | $305K | $312.3K | +2.4% |
| White Marsh | $542.4K | $544K | 0.3% |
Housing Supply in Middle River, MD
How many homes are available in Middle River, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 112 | 132 | +17.9% |
Summary: The Middle River real estate market had 132 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 57 | 69 | +21.1% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Middle River 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 increased by 40%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middle River, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Middle River in April 2024, up by 3.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 25% were sold at asking, and 36% were sold over asking.
Days on Market for Middle River, MD
How long does it take to sell a home in Middle River, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 40 Days | +124.1% |
Summary: Homes in Middle River had an average of 40 days on market in Apr 2024, up by 124.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middle River are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Middle River; 79% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
