$129,900
0.23 Acres
Land
Katherine M Grimley, Listing Office: RE/MAX Leading Edge
Is Shady Side, 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, Shady Side has remained a Seller's Market.
Key Takeaway
Shady Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shady Side, MD
How much do homes in Shady Side, MD cost?
Median Sold Price
$439,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.3%)
Key Takeaway
Homes in Shady Side have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Shady Side was $439,000 in October 2024, up 2.3% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $315K | $322K | +2.2% |
| 3 Bedrooms | $385K | $415K | +7.8% |
| 4 Bedrooms | $543.4K | $520K | -4.3% |
| 5+ Bedrooms | $791K | $715K | -9.6% |
Summary: Shady Side 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 increased by 2.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in Shady Side, MD
How many homes are available in Shady Side, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Summary: The Shady Side real estate market had 39 homes for sale in October 2024, a 21.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Shady Side 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 increased by 55.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shady Side, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Shady Side in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Shady Side, MD
How long does it take to sell a home in Shady Side, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 28 Days | -58.2% |
Summary: Homes in Shady Side had an average of 28 days on market in Oct 2024, down by 58.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shady Side are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Shady Side; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
