Is Bishopville, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bishopville is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Bishopville was a Seller's Market.

Key Takeaway

Bishopville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bishopville, MD

How much do homes in Bishopville, MD cost?

Median Sold Price

$278,000

$140/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$121,900(-30.5%)

Key Takeaway

Homes in Bishopville have sold for 30.5% less than they did a month ago.

Summary: The median home sold price in Bishopville was $278,000 in November 2024, down 30.5% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $230K-
N/A
3 $399.9K-
N/A
4 -$278K
N/A
5+ $1.1M-
N/A

Summary: Bishopville housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Bishopville, MD

How many homes are available in Bishopville, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
16160.0%

Summary: The Bishopville real estate market had 16 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 57
+40.0%
4 44
0.0%
5+ 54
-20.0%

Summary: The Bishopville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bishopville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Bishopville in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Bishopville, MD

How long does it take to sell a home in Bishopville, MD?

Average Sale Time

Oct 2024Nov 2024CHANGE
86 Days29 Days-66.3%

Summary: Homes in Bishopville had an average of 29 days on market in Nov 2024, down by 66.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bishopville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Bishopville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Bishopville, MD

Nearby Markets to Bishopville, MD

What housing markets are near Bishopville, MD?