$350,000
3.00 Acres
Land
Elisa M Wood, Listing Office: Northrop Realty
Is Grasonville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Grasonville has remained a Seller's Market.
Key Takeaway
Grasonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grasonville, MD
How much do homes in Grasonville, MD cost?
Median Sold Price
$550,000
$226/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$100,000(+22.2%)
Key Takeaway
Homes in Grasonville have sold for 22.2% more than they did a month ago.
Summary: The median home sold price in Grasonville was $550,000 in October 2024, up 22.2% from last month, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $200K | N/A |
| 3 Bedrooms | $287.5K | $890K | +209.6% |
| 4 Bedrooms | $512K | - | N/A |
| 5+ Bedrooms | $619.9K | $470K | -24.2% |
Summary: Grasonville housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 209.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 24.2%.
Housing Supply in Grasonville, MD
How many homes are available in Grasonville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Grasonville real estate market had 27 homes for sale in October 2024, a 17.4% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Grasonville 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 25%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Grasonville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Grasonville in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Grasonville, MD
How long does it take to sell a home in Grasonville, MD?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 10 Days | -75.7% |
Summary: Homes in Grasonville had an average of 10 days on market in Oct 2024, down by 75.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grasonville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Grasonville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
