$2,613 Closing Credit*
$220,000
2 Beds
•1 Full Bath
Janice M Canoles, Listing Office: Long & Foster Real Estate, Inc.
Is Middle River, 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, Middle River has remained a Seller's Market.
Key Takeaway
Middle River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middle River, MD
How much do homes in Middle River, MD cost?
Median Sold Price
$318,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,250(+4.0%)
Key Takeaway
Homes in Middle River have sold for 4% more than they did a year ago.
Summary: The median home sold price in Middle River was $318,000 in October 2024, up 4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $275K | +44.7% |
| 2 Bedrooms | $231.5K | $230K | -0.6% |
| 3 Bedrooms | $280K | $288K | +2.9% |
| 4 Bedrooms | $373K | $420K | +12.6% |
| 5+ Bedrooms | $430K | $570K | +32.6% |
Summary: Middle River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Cities
| Essex | $262.6K | $290K | +10.4% |
| Joppa | $320.5K | $352K | +9.8% |
| Middle River | $305.7K | $318K | +4.0% |
| White Marsh | $545K | $427.5K | -21.6% |
Housing Supply in Middle River, MD
How many homes are available in Middle River, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 139 | -8.6% |
Summary: The Middle River real estate market had 139 homes for sale in October 2024, a 8.6% decrease 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 | 22 | 20 | -9.1% |
| 3 Bedrooms | 87 | 71 | -18.4% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Middle River 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 decreased by 9.1%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 32 | -23.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middle River, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Middle River in October 2024, down by 23.8% month-over-month. Of the 32 sold homes, 41% were sold under asking, 25% were sold at asking, and 34% were sold over asking.
Days on Market for Middle River, MD
How long does it take to sell a home in Middle River, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 22 Days | -2.2% |
Summary: Homes in Middle River had an average of 22 days on market in Oct 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middle River are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in Middle River; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
