$238 Closing Credit*
$20,000
140 SqFt
Adam M Shpritz, Listing Office: Ashland Auction Group LLC
Is Broadway East, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Broadway East was a Seller's Market.
Key Takeaway
Broadway East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broadway East, MD
How much do homes in Broadway East, MD cost?
Median Sold Price
$94,900
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$30,225(+46.7%)
Key Takeaway
Homes in Broadway East have sold for 46.7% more than they did a year ago.
Summary: The median home sold price in Broadway East was $94,900 in December 2024, up 46.7% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | - | N/A |
| 2 Bedrooms | $45.7K | $77K | +68.5% |
| 3 Bedrooms | $63.6K | $80K | +25.6% |
| 4 Bedrooms | $198K | $244.5K | +23.5% |
| 5+ Bedrooms | $109.9K | $245K | +122.9% |
Summary: Broadway East housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 68.5%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 122.9%.
Housing Supply in Broadway East, MD
How many homes are available in Broadway East, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 60 | 56 | -6.7% |
Summary: The Broadway East real estate market had 56 homes for sale in December 2024, a 6.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 43 | 40 | -7.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Broadway East housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway East, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Broadway East in December 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Broadway East, MD
How long does it take to sell a home in Broadway East, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 49 Days | 43 Days | -11.6% |
Summary: Homes in Broadway East had an average of 43 days on market in Dec 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Broadway East has remained consistent over time.
Summary: During December 2024, 6 homes were sold in Broadway East; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
