Is Snow Hill, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snow Hill is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Snow Hill has remained a Seller's Market.

Key Takeaway

Snow Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Snow Hill, MD

How much do homes in Snow Hill, MD cost?

Median Sold Price

$257,500

$177/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$57,500(-18.3%)

Key Takeaway

Homes in Snow Hill have sold for 18.3% less than they did a month ago.

Summary: The median home sold price in Snow Hill was $257,500 in October 2024, down 18.3% from last month, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $185K$170K
-8.1%
3 $319.9K-
N/A
4 -$345K
N/A
5+ --
N/A

Summary: Snow Hill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Snow Hill, MD

How many homes are available in Snow Hill, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1315+15.4%

Summary: The Snow Hill real estate market had 15 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 53
-40.0%
4 69
+50.0%
5+ 01
+100.0%

Summary: The Snow Hill 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 decreased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were 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 Snow Hill, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Snow Hill in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Snow Hill, MD

How long does it take to sell a home in Snow Hill, MD?

Average Sale Time

Sep 2024Oct 2024CHANGE
10 Days89 Days+763.7%

Summary: Homes in Snow Hill had an average of 89 days on market in Oct 2024, up by 763.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Snow Hill has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Snow Hill; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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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