$4,738 Closing Credit*
$399,000
1,500 SqFt
3 Beds
•1 Full Bath
Michelle L Faig, Listing Office: O'Brien Realty ERA Powered
Is North Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, North Beach has remained a Seller's Market.
Key Takeaway
North Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Beach, MD
How much do homes in North Beach, MD cost?
Median Sold Price
$450,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+8.4%)
Key Takeaway
Homes in North Beach have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in North Beach was $450,000 in November 2024, up 8.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $239.5K | -0.2% |
| 2 Bedrooms | $365K | $375K | +2.7% |
| 3 Bedrooms | $415K | $413.5K | -0.4% |
| 4 Bedrooms | $469K | $545.8K | +16.4% |
| 5+ Bedrooms | $623K | $833K | +33.7% |
Summary: North Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 33.7%.
Median Sold Price Compared To Nearby Cities
| North Beach | $415K | $450K | +8.4% |
| North Beach | $410.5K | $442.5K | +7.8% |
| Chesapeake Beach | $425K | $436.5K | +2.7% |
Housing Supply in North Beach, MD
How many homes are available in North Beach, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The North Beach real estate market had 19 homes for sale in November 2024, a 24.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The North Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Beach, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in North Beach in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for North Beach, MD
How long does it take to sell a home in North Beach, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -2.8% |
Summary: Homes in North Beach had an average of 15 days on market in Nov 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Beach are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in North Beach; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
