Is Salisbury, 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, Salisbury has remained a Seller's Market.
Key Takeaway
Salisbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salisbury, MD
How much do homes in Salisbury, MD cost?
Median Sold Price
$257,293
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Salisbury have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Salisbury was $257,293 in April 2024, up 19.7% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141K | $140K | -0.7% |
| 2 Bedrooms | $155K | $175K | +12.9% |
| 3 Bedrooms | $212.4K | $243.2K | +14.5% |
| 4 Bedrooms | $275K | $333.6K | +21.3% |
| 5+ Bedrooms | $362.9K | $410K | +13.0% |
Summary: Salisbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 13%.
Housing Supply in Salisbury, MD
How many homes are available in Salisbury, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 208 | 212 | +1.9% |
Summary: The Salisbury real estate market had 212 homes for sale in April 2024, a 1.9% 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 | 13 | 15 | +15.4% |
| 3 Bedrooms | 127 | 122 | -3.9% |
| 4 Bedrooms | 58 | 64 | +10.3% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Salisbury 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 15.4%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 41 | -12.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Salisbury in April 2024, down by 12.8% month-over-month. Of the 41 sold homes, 46% were sold under asking, 37% were sold at asking, and 17% were sold over asking.
Days on Market for Salisbury, MD
How long does it take to sell a home in Salisbury, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 44 Days | +16.7% |
Summary: Homes in Salisbury had an average of 44 days on market in Apr 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salisbury are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 41 homes were sold in Salisbury; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
