Is Wicomico County, 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, Wicomico County has remained a Seller's Market.
Key Takeaway
Wicomico County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wicomico County, MD
How much do homes in Wicomico County, MD cost?
Median Sold Price
$265,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wicomico County have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Wicomico County was $265,000 in April 2024, up 8.4% 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 | $160K | $175K | +9.4% |
| 3 Bedrooms | $230K | $249.9K | +8.7% |
| 4 Bedrooms | $329.9K | $339.9K | +3.0% |
| 5+ Bedrooms | $383.8K | $410K | +6.8% |
Summary: Wicomico County 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 9.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Counties
| Wicomico County | $244.5K | $265K | +8.4% |
| Sussex County | $452.5K | $476.8K | +5.4% |
| Worcester County | $406.4K | $422.9K | +4.0% |
| Dorchester County | $250K | $257.5K | +3.0% |
| Somerset County | $195K | $190K | -2.6% |
Housing Supply in Wicomico County, MD
How many homes are available in Wicomico County, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 323 | 336 | +4.0% |
Summary: The Wicomico County real estate market had 336 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 22 | 27 | +22.7% |
| 3 Bedrooms | 206 | 201 | -2.4% |
| 4 Bedrooms | 80 | 88 | +10.0% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Wicomico County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 69 | -2.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wicomico County, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Wicomico County in April 2024, down by 2.8% month-over-month. Of the 69 sold homes, 52% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for Wicomico County, MD
How long does it take to sell a home in Wicomico County, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 50 Days | +31.5% |
Summary: Homes in Wicomico County had an average of 50 days on market in Apr 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wicomico County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 69 homes were sold in Wicomico County; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
