$5,000
0.34 Acres
Land
Luis H Arrazola, Listing Office: A.J. Billig & Company
Is Dorchester County, 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, Dorchester County was a Seller's Market.
Key Takeaway
Dorchester County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dorchester County, MD
How much do homes in Dorchester County, MD cost?
Median Sold Price
$259,998
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,065(+0.8%)
Key Takeaway
Homes in Dorchester County have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Dorchester County was $259,998 in October 2024, up 0.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.2K | $48K | -69.5% |
| 2 Bedrooms | $157K | $185K | +17.8% |
| 3 Bedrooms | $242.9K | $244.9K | +0.8% |
| 4 Bedrooms | $309.9K | $315K | +1.6% |
| 5+ Bedrooms | $420K | $365K | -13.1% |
Summary: Dorchester County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.5%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Counties
| Talbot County | $460.9K | $492.2K | +6.8% |
| Wicomico County | $250.5K | $265K | +5.8% |
| Caroline County | $299.9K | $312K | +4.0% |
| Dorchester County | $257.9K | $259.9K | +0.8% |
| Sussex County | $478.3K | $480.3K | 0.4% |
Housing Supply in Dorchester County, MD
How many homes are available in Dorchester County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 215 | 242 | +12.6% |
Summary: The Dorchester County real estate market had 242 homes for sale in October 2024, a 12.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 39 | 43 | +10.3% |
| 3 Bedrooms | 102 | 124 | +21.6% |
| 4 Bedrooms | 52 | 52 | 0.0% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Dorchester County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 21.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dorchester County, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Dorchester County in October 2024, up by 6.1% month-over-month. Of the 35 sold homes, 51% were sold under asking, 23% were sold at asking, and 26% were sold over asking.
Days on Market for Dorchester County, MD
How long does it take to sell a home in Dorchester County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 54 Days | -2.8% |
Summary: Homes in Dorchester County had an average of 54 days on market in Oct 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dorchester County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Dorchester County; 51% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
