$1,057 Closing Credit*
$89,000
832 SqFt
2 Beds
•1 Full Bath
Austin J Carroll, Listing Office: Keller Williams Legacy
Is South, 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, South has remained a Seller's Market.
Key Takeaway
South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South, MD
How much do homes in South, MD cost?
Median Sold Price
$301,925
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,812(+5.9%)
Key Takeaway
Homes in South have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in South was $301,925 in November 2024, up 5.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $214K | -12.7% |
| 2 Bedrooms | $270K | $282.5K | +4.6% |
| 3 Bedrooms | $276.1K | $316K | +14.4% |
| 4 Bedrooms | $400K | $490K | +22.5% |
| 5+ Bedrooms | $429.2K | $320K | -25.5% |
Summary: South housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes decreased by 25.5%.
Housing Supply in South, MD
How many homes are available in South, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 257 | 275 | +7.0% |
Summary: The South real estate market had 275 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 92 | 96 | +4.3% |
| 3 Bedrooms | 117 | 126 | +7.7% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The South 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 increased by 4.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 50 | +8.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South, you may be able to get a good deal. 36% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in South in November 2024, up by 8.7% month-over-month. Of the 50 sold homes, 36% were sold under asking, 30% were sold at asking, and 34% were sold over asking.
Days on Market for South, MD
How long does it take to sell a home in South, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +27.5% |
Summary: Homes in South had an average of 33 days on market in Nov 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 50 homes were sold in South; 54% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
