$5,522 Closing Credit*
$465,000
1,944 SqFt
5 Beds
•2 Full Baths, 1 Partial
Debra A Rettberg, Listing Office: Northrop Realty
Is Perryville, 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, Perryville was a Neutral Market.
Key Takeaway
Perryville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Perryville, MD
How much do homes in Perryville, MD cost?
Median Sold Price
$357,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,500(+13.5%)
Key Takeaway
Homes in Perryville have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Perryville was $357,500 in November 2024, up 13.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $318K | $357.5K | +12.4% |
| 3 Bedrooms | $261K | $312.5K | +19.7% |
| 4 Bedrooms | $370K | $435K | +17.6% |
| 5+ Bedrooms | $453.3K | $442.4K | -2.4% |
Summary: Perryville 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 increased by 12.4%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in Perryville, MD
How many homes are available in Perryville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Perryville real estate market had 18 homes for sale in November 2024, a 10.0% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Perryville 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 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Perryville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Perryville in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Perryville, MD
How long does it take to sell a home in Perryville, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 34 Days | +590.0% |
Summary: Homes in Perryville had an average of 34 days on market in Nov 2024, up by 590% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Perryville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Perryville; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
