Is Worcester County, 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, Worcester County was a Seller's Market.
Housing Prices in Worcester County, MD
How much do homes in Worcester County, MD cost?
Median Sold Price
$419,964
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Worcester County was $419,964 in May 2024, up 2.3% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $295K | +1.7% |
2 Bedrooms | $390K | $399.2K | +2.4% |
3 Bedrooms | $430K | $437K | +1.6% |
4 Bedrooms | $607.4K | $573.5K | -5.6% |
5+ Bedrooms | $811K | $950K | +17.1% |
Summary: Worcester County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Counties
Wicomico County | $245.1K | $265.1K | +8.2% |
Sussex County | $451.6K | $479.9K | +6.3% |
Worcester County | $410.3K | $419.9K | +2.3% |
Somerset County | $195K | $187K | -4.1% |
Housing Supply in Worcester County, MD
How many homes are available in Worcester County, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
853 | 909 | +6.6% |
Summary: The Worcester County real estate market had 909 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 89 | 93 | +4.5% |
2 Bedrooms | 267 | 254 | -4.9% |
3 Bedrooms | 322 | 370 | +14.9% |
4 Bedrooms | 123 | 135 | +9.8% |
5+ Bedrooms | 52 | 57 | +9.6% |
Summary: The Worcester County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 9.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 145 | 0.0% |
Asking Price vs. Sold Price
85 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 145 homes were sold or pending in Worcester County in May 2024, the same as the previous month. Of the 145 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 42 Days | +36.6% |
Summary: Homes in Worcester County had an average of 42 days on market in May 2024, up by 36.6% compared to last year.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During May 2024, 145 homes were sold in Worcester County; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.