$1,306 Closing Credit*
$110,000
3 Beds
•2 Full Baths
Ashley White, Listing Office: Keller Williams Capital Properties
Is Broadway East, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$77,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+2.7%)
Key Takeaway
Homes in Broadway East have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Broadway East was $77,000 in October 2024, up 2.7% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | - | N/A |
| 2 Bedrooms | $60K | $48K | -20.0% |
| 3 Bedrooms | $66K | $70K | +6.1% |
| 4 Bedrooms | $229K | $219.9K | -4.0% |
| 5+ Bedrooms | $384.9K | $120K | -68.8% |
Summary: Broadway East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 68.8%.
Housing Supply in Broadway East, MD
How many homes are available in Broadway East, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 66 | +37.5% |
Summary: The Broadway East real estate market had 66 homes for sale in October 2024, a 37.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 36 | 49 | +36.1% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Broadway East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 36.1%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway East, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Broadway East in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 55 Days | -27.7% |
Summary: Homes in Broadway East had an average of 55 days on market in Oct 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 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 October 2024, 8 homes were sold in Broadway East; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
