Is Mc Henry, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mc Henry was a Neutral Market.
Key Takeaway
Mc Henry is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mc Henry, MD
How much do homes in Mc Henry, MD cost?
Median Sold Price
$694,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mc Henry have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Mc Henry was $694,500 in May 2024, up 5.3% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40.5K | $40.5K | 0.0% |
| 2 Bedrooms | $286K | $382.5K | +33.7% |
| 3 Bedrooms | $430K | $437.5K | +1.7% |
| 4 Bedrooms | $755K | $775K | +2.6% |
| 5+ Bedrooms | $1.0M | $1.1M | +8.1% |
Summary: Mc Henry housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Swanton | $575K | $742.5K | +29.1% |
| Mc Henry | $659.5K | $694.5K | +5.3% |
Housing Supply in Mc Henry, MD
How many homes are available in Mc Henry, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 79 | +23.4% |
Summary: The Mc Henry real estate market had 79 homes for sale in May 2024, a 23.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 37 | 44 | +18.9% |
Summary: The Mc Henry housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 18.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Henry, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mc Henry in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Mc Henry, MD
How long does it take to sell a home in Mc Henry, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 47 Days | -6.3% |
Summary: Homes in Mc Henry had an average of 47 days on market in May 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mc Henry are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Mc Henry; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
