Is Princess Anne, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Princess Anne is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Princess Anne was a Seller's Market.

Key Takeaway

Princess Anne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Princess Anne, MD

How much do homes in Princess Anne, MD cost?

Median Sold Price

$220,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,250(+11.3%)

Key Takeaway

Homes in Princess Anne have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Princess Anne was $220,000 in October 2024, up 11.3% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $159.4K$139.9K
-12.2%
3 $197.7K$214.9K
+8.7%
4 $322K$262.1K
-18.6%
5+ $253K$252K
-0.4%

Summary: Princess Anne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 0.4%.

Housing Supply in Princess Anne, MD

How many homes are available in Princess Anne, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2931+6.9%

Summary: The Princess Anne real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1919
0.0%
4 56
+20.0%
5+ 23
+50.0%

Summary: The Princess Anne 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Princess Anne, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Princess Anne in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Princess Anne, MD

How long does it take to sell a home in Princess Anne, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days36 Days+44.8%

Summary: Homes in Princess Anne had an average of 36 days on market in Oct 2024, up by 44.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Princess Anne are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Princess Anne; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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