$3,324 Closing Credit*
$279,900
3 Beds
•2 Full Baths, 1 Partial
Christopher J Cooke, Listing Office: Berkshire Hathaway HomeServices Homesale Realty
Is Middle East, 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, Middle East was a Seller's Market.
Key Takeaway
Middle East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Middle East, MD
How much do homes in Middle East, MD cost?
Median Sold Price
$255,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+9.7%)
Key Takeaway
Homes in Middle East have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Middle East was $255,500 in October 2024, up 9.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $184.9K | $172.5K | -6.7% |
| 3 Bedrooms | $225K | $269.9K | +20.0% |
| 4 Bedrooms | $279.9K | $415K | +48.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Middle East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 48.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Middle East | $233K | $255.5K | +9.7% |
| East | $123.6K | $128.8K | +4.2% |
| Milton / Montford | $166K | $144K | -13.3% |
Housing Supply in Middle East, MD
How many homes are available in Middle East, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Middle East real estate market had 18 homes for sale in October 2024, a 20.0% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Middle East 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middle East, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Middle East in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Middle East, MD
How long does it take to sell a home in Middle East, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 185 Days | +2040.4% |
Summary: Homes in Middle East had an average of 185 days on market in Oct 2024, up by 2040.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Middle East has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Middle East; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
