Is Worcester 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, Worcester County has remained a Seller's Market.
Housing Prices in Worcester County, MD
How much do homes in Worcester County, MD cost?
Median Sold Price
$422,916
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Worcester County was $422,916 in April 2024, up 4% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $299K | +4.9% |
2 Bedrooms | $385.6K | $400K | +3.7% |
3 Bedrooms | $429.1K | $448.4K | +4.5% |
4 Bedrooms | $600K | $572K | -4.7% |
5+ Bedrooms | $806K | $950K | +17.9% |
Summary: Worcester County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 17.9%.
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% |
Somerset County | $195K | $190K | -2.6% |
Housing Supply in Worcester County, MD
How many homes are available in Worcester County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
793 | 843 | +6.3% |
Summary: The Worcester County real estate market had 843 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 95 | 93 | -2.1% |
2 Bedrooms | 252 | 259 | +2.8% |
3 Bedrooms | 286 | 319 | +11.5% |
4 Bedrooms | 112 | 120 | +7.1% |
5+ Bedrooms | 48 | 52 | +8.3% |
Summary: The Worcester County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
161 | 141 | -12.4% |
Asking Price vs. Sold Price
85 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 141 homes were sold or pending in Worcester County in April 2024, down by 12.4% month-over-month. Of the 141 sold homes, 60% were sold under asking, 24% were sold at asking, and 16% were sold over asking.
Days on Market for Worcester County, MD
How long does it take to sell a home in Worcester County, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 47 Days | +23.1% |
Summary: Homes in Worcester County had an average of 47 days on market in Apr 2024, up by 23.1% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During April 2024, 141 homes were sold in Worcester County; 55% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.