$3,739 Closing Credit*
$314,900
1,680 SqFt
3 Beds
•2 Full Baths
Blaine L Williamson, Listing Office: McClain-Williamson Realty, LLC
Is Dorchester County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$267,875
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,875(+3.4%)
Key Takeaway
Homes in Dorchester County have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Dorchester County was $267,875 in November 2024, up 3.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.2K | $48K | -69.5% |
| 2 Bedrooms | $160K | $185K | +15.6% |
| 3 Bedrooms | $239K | $245K | +2.5% |
| 4 Bedrooms | $309.9K | $315K | +1.6% |
| 5+ Bedrooms | $482.4K | $369.4K | -23.4% |
Summary: Dorchester County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.5%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 23.4%.
Median Sold Price Compared To Nearby Counties
| Wicomico County | $253.8K | $264.9K | +4.4% |
| Dorchester County | $259K | $267.8K | +3.4% |
| Caroline County | $299.9K | $309.9K | +3.3% |
| Talbot County | $475K | $487K | +2.5% |
| Sussex County | $477.6K | $484.8K | +1.5% |
Housing Supply in Dorchester County, MD
How many homes are available in Dorchester County, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 222 | 222 | 0.0% |
Summary: The Dorchester County real estate market had 222 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 36 | 43 | +19.4% |
| 3 Bedrooms | 115 | 114 | -0.9% |
| 4 Bedrooms | 48 | 45 | -6.3% |
| 5+ Bedrooms | 23 | 19 | -17.4% |
Summary: The Dorchester County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 17.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 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. 60.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Dorchester County in November 2024, down by 8.3% month-over-month. Of the 33 sold homes, 61% were sold under asking, 24% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 92 Days | +47.2% |
Summary: Homes in Dorchester County had an average of 92 days on market in Nov 2024, up by 47.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Dorchester County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 33 homes were sold in Dorchester County; 27% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
