$10,000 Closing Credit*
$2,450,000
8,425 SqFt
9 Beds
•6 Full Baths, 1 Partial
Erica K Baker, Listing Office: TTR Sotheby's International Realty
Is Shady Side, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$435,000
$269/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Shady Side has remained the same since last year.
Summary: The median home sold price in Shady Side was $435,000 in November 2024, the same as last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $310K | $324K | +4.5% |
| 3 Bedrooms | $404.9K | $410K | +1.2% |
| 4 Bedrooms | $543.4K | $520K | -4.3% |
| 5+ Bedrooms | $775K | $757K | -2.3% |
Summary: Shady Side 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 4.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Shady Side | $435K | $435K | 0.0% |
| Avalon Shores | $425K | $405K | -4.7% |
Housing Supply in Shady Side, MD
How many homes are available in Shady Side, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The Shady Side real estate market had 33 homes for sale in November 2024, a 3.1% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Shady Side 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 16.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shady Side, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Shady Side in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +23.2% |
Summary: Homes in Shady Side had an average of 41 days on market in Nov 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shady Side has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Shady Side; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
