$830,000
23.49 Acres
Land
Jorge L Pimentel, Listing Office: Samson Properties
Is Cecil County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cecil County has remained a Seller's Market.
Key Takeaway
Cecil County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cecil County, MD
How much do homes in Cecil County, MD cost?
Median Sold Price
$360,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,846(+6.1%)
Key Takeaway
Homes in Cecil County have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Cecil County was $360,000 in November 2024, up 6.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193K | $161.5K | -16.3% |
| 2 Bedrooms | $259.9K | $263.5K | +1.4% |
| 3 Bedrooms | $310K | $323.2K | +4.3% |
| 4 Bedrooms | $410.6K | $430K | +4.7% |
| 5+ Bedrooms | $565.5K | $497.5K | -12.0% |
Summary: Cecil County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Counties
| Kent County | $319.9K | $350K | +9.4% |
| New Castle County | $336.1K | $359.6K | +7.0% |
| Cecil County | $339.1K | $360K | +6.1% |
| Lancaster County | $316.8K | $335.1K | +5.8% |
| Chester County | $495.9K | $518.8K | +4.6% |
Housing Supply in Cecil County, MD
How many homes are available in Cecil County, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 274 | 266 | -2.9% |
Summary: The Cecil County real estate market had 266 homes for sale in November 2024, a 2.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 39 | 35 | -10.3% |
| 3 Bedrooms | 118 | 117 | -0.8% |
| 4 Bedrooms | 78 | 82 | +5.1% |
| 5+ Bedrooms | 38 | 31 | -18.4% |
Summary: The Cecil County 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 10.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 18.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 66 | -16.5% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cecil County, you may be able to get a good deal. 47% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Cecil County in November 2024, down by 16.5% month-over-month. Of the 66 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for Cecil County, MD
How long does it take to sell a home in Cecil County, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 27 Days | +22.9% |
Summary: Homes in Cecil County had an average of 27 days on market in Nov 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cecil County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 66 homes were sold in Cecil County; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
