$3,206 Closing Credit*
$270,000
768 SqFt
2 Beds
•1 Full Bath
Theresa M Jackson, Listing Office: Compass Realty, Inc.
Is North East, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, North East was a Seller's Market.
Key Takeaway
North East is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in North East, MD
How much do homes in North East, MD cost?
Median Sold Price
$375,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+10.3%)
Key Takeaway
Homes in North East have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in North East was $375,000 in November 2024, up 10.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $257.5K | -4.6% |
| 3 Bedrooms | $305K | $325.4K | +6.7% |
| 4 Bedrooms | $475K | $465K | -2.1% |
| 5+ Bedrooms | $469.9K | $582.7K | +24.0% |
Summary: North East housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 24%.
Housing Supply in North East, MD
How many homes are available in North East, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 80 | +14.3% |
Summary: The North East real estate market had 80 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 24 | 30 | +25.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The North East 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 increased by 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North East, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in North East in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for North East, MD
How long does it take to sell a home in North East, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +40.2% |
Summary: Homes in North East had an average of 29 days on market in Nov 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North East are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in North East; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
