Is Princess Anne, 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, Princess Anne has remained a Seller's Market.
Key Takeaway
Princess Anne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Princess Anne, MD
How much do homes in Princess Anne, MD cost?
Median Sold Price
$211,450
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Princess Anne have sold for 8% more than they did a year ago.
Summary: The median home sold price in Princess Anne was $211,450 in April 2024, up 8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169.9K | $140K | -17.6% |
| 3 Bedrooms | $199K | $200K | 0.5% |
| 4 Bedrooms | - | $258.5K | N/A |
| 5+ Bedrooms | - | $252K | N/A |
Summary: Princess Anne 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 decreased by 17.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Princess Anne, MD
How many homes are available in Princess Anne, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 41 | +5.1% |
Summary: The Princess Anne real estate market had 41 homes for sale in April 2024, a 5.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Princess Anne 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 remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Princess Anne, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Princess Anne in April 2024, up by 140.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Princess Anne, MD
How long does it take to sell a home in Princess Anne, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 43 Days | +5.0% |
Summary: Homes in Princess Anne had an average of 43 days on market in Apr 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Princess Anne has remained consistent over time.
Summary: During April 2024, 12 homes were sold in Princess Anne; 33% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
