$2,375 Closing Credit*
$200,000
1,460 SqFt
3 Beds
•2 Full Baths
Thomas Nwachukwu, Listing Office: Century 21 Downtown
Is Southeast, 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, Southeast has remained a Seller's Market.
Key Takeaway
Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast, MD
How much do homes in Southeast, MD cost?
Median Sold Price
$321,592
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$874(-0.3%)
Key Takeaway
The sold price of homes in Southeast has remained the same since last year.
Summary: The median home sold price in Southeast was $321,592 in October 2024, down 0.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $202.5K | -5.8% |
| 2 Bedrooms | $272.5K | $282.6K | +3.7% |
| 3 Bedrooms | $345K | $349.9K | +1.4% |
| 4 Bedrooms | $462.5K | $455K | -1.6% |
| 5+ Bedrooms | $570K | $390K | -31.6% |
Summary: Southeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 31.6%.
Housing Supply in Southeast, MD
How many homes are available in Southeast, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 384 | 432 | +12.5% |
Summary: The Southeast real estate market had 432 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 25 | +8.7% |
| 2 Bedrooms | 131 | 142 | +8.4% |
| 3 Bedrooms | 174 | 199 | +14.4% |
| 4 Bedrooms | 54 | 60 | +11.1% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Southeast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 91 | +13.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 91 homes were sold or pending in Southeast in October 2024, up by 13.8% month-over-month. Of the 91 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.
Days on Market for Southeast, MD
How long does it take to sell a home in Southeast, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 30 Days | -14.2% |
Summary: Homes in Southeast had an average of 30 days on market in Oct 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 91 homes were sold in Southeast; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
