$2,552 Closing Credit*
$214,900
1,360 SqFt
1 Bath
Tracy L McCullough, Listing Office: Remax Vision
Is Cecil County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$359,980
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,980(+7.5%)
Key Takeaway
Homes in Cecil County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Cecil County was $359,980 in October 2024, up 7.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.4K | $191.5K | +17.9% |
| 2 Bedrooms | $250K | $265K | +6.0% |
| 3 Bedrooms | $307.7K | $321.7K | +4.6% |
| 4 Bedrooms | $415K | $430K | +3.6% |
| 5+ Bedrooms | $560K | $517.4K | -7.6% |
Summary: Cecil County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Counties
| Cecil County | $335K | $359.9K | +7.5% |
| New Castle County | $335.3K | $357.6K | +6.6% |
| Kent County | $320K | $340.5K | +6.4% |
| Lancaster County | $315.4K | $334.6K | +6.1% |
| Chester County | $492.2K | $516.1K | +4.8% |
Housing Supply in Cecil County, MD
How many homes are available in Cecil County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 317 | 297 | -6.3% |
Summary: The Cecil County real estate market had 297 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 35 | 38 | +8.6% |
| 3 Bedrooms | 137 | 130 | -5.1% |
| 4 Bedrooms | 111 | 89 | -19.8% |
| 5+ Bedrooms | 34 | 39 | +14.7% |
Summary: The Cecil County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 19.8%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 73 | -19.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cecil County, you could pay more than the asking price. 35.6% of homes here sold above asking price last month.
Summary: A total of 73 homes were sold or pending in Cecil County in October 2024, down by 19.8% month-over-month. Of the 73 sold homes, 33% were sold under asking, 32% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 27 Days | -18.4% |
Summary: Homes in Cecil County had an average of 27 days on market in Oct 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 73 homes were sold in Cecil County; 66% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
