Is Southeast, 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, Southeast has remained a Seller's Market.
Housing Prices in Southeast, MD
How much do homes in Southeast, MD cost?
Median Sold Price
$325,113
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeast was $325,113 in April 2024, up 2.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219K | $205K | -6.4% |
2 Bedrooms | $260K | $280.6K | +8.0% |
3 Bedrooms | $345.7K | $350.3K | +1.3% |
4 Bedrooms | $455K | $472.5K | +3.8% |
5+ Bedrooms | $535K | $535.5K | 0.1% |
Summary: Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in Southeast, MD
How many homes are available in Southeast, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
345 | 400 | +15.9% |
Summary: The Southeast real estate market had 400 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 16 | +6.7% |
2 Bedrooms | 120 | 135 | +12.5% |
3 Bedrooms | 142 | 163 | +14.8% |
4 Bedrooms | 58 | 73 | +25.9% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 90 | +4.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Southeast in April 2024, up by 4.7% month-over-month. Of the 90 sold homes, 30% were sold under asking, 23% were sold at asking, and 47% were sold over asking.
Days on Market for Southeast, MD
How long does it take to sell a home in Southeast, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 34 Days | +22.2% |
Summary: Homes in Southeast had an average of 34 days on market in Apr 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 90 homes were sold in Southeast; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.