Is Northeast, 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, Northeast has remained a Seller's Market.
Housing Prices in Northeast, MD
How much do homes in Northeast, MD cost?
Median Sold Price
$215,081
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast was $215,081 in April 2024, up 7.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | - | N/A |
2 Bedrooms | $127K | $143.3K | +12.8% |
3 Bedrooms | $193.5K | $196.7K | +1.7% |
4 Bedrooms | $265K | $269.9K | +1.9% |
5+ Bedrooms | $300K | $350K | +16.7% |
Summary: Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in Northeast, MD
How many homes are available in Northeast, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
410 | 434 | +5.9% |
Summary: The Northeast real estate market had 434 homes for sale in April 2024, a 5.9% 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 | 30 | 33 | +10.0% |
3 Bedrooms | 254 | 263 | +3.5% |
4 Bedrooms | 93 | 105 | +12.9% |
5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The Northeast 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 10%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 75 | -24.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Northeast in April 2024, down by 24.2% month-over-month. Of the 75 sold homes, 25% were sold under asking, 36% were sold at asking, and 39% were sold over asking.
Days on Market for Northeast, MD
How long does it take to sell a home in Northeast, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 23 Days | -24.3% |
Summary: Homes in Northeast had an average of 23 days on market in Apr 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 75 homes were sold in Northeast; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.