$7,244 Closing Credit*
$609,999
2,606 SqFt
4 Beds
•3 Full Baths, 1 Partial
Juliet Marie Patterson, Listing Office: RE/MAX One
Is North Beach, 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, 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
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+9.2%)
Key Takeaway
Homes in North Beach have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in North Beach was $450,000 in October 2024, up 9.2% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $251.5K | +4.8% |
| 2 Bedrooms | $295K | $382.4K | +29.6% |
| 3 Bedrooms | $412K | $415K | +0.7% |
| 4 Bedrooms | $479K | $539.9K | +12.7% |
| 5+ Bedrooms | $623K | $833K | +33.7% |
Summary: North Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 29.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 33.7%.
Median Sold Price Compared To Nearby Cities
| North Beach | $412K | $450K | +9.2% |
| North Beach | $409K | $445K | +8.8% |
| Chesapeake Beach | $425K | $430K | +1.2% |
Housing Supply in North Beach, MD
How many homes are available in North Beach, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The North Beach real estate market had 25 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The North Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 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. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in North Beach in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 12 Days | -41.6% |
Summary: Homes in North Beach had an average of 12 days on market in Oct 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
8 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 October 2024, 9 homes were sold in North Beach; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
