$3,383 Closing Credit*
$284,900
1,287 SqFt
2 Beds
•2 Full Baths, 1 Partial
Brandon Anthony Jones, Listing Office: Realty One Group Universal
Is Southeast, 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, 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
$321,415
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,281(-0.7%)
Key Takeaway
Homes in Southeast have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Southeast was $321,415 in November 2024, down 0.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.4K | $205K | -6.6% |
| 2 Bedrooms | $275K | $285K | +3.6% |
| 3 Bedrooms | $349.9K | $346.2K | -1.1% |
| 4 Bedrooms | $460K | $452K | -1.7% |
| 5+ Bedrooms | $567.5K | $482.5K | -15.0% |
Summary: Southeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 15%.
Housing Supply in Southeast, MD
How many homes are available in Southeast, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 387 | 404 | +4.4% |
Summary: The Southeast real estate market had 404 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 18 | -18.2% |
| 2 Bedrooms | 129 | 136 | +5.4% |
| 3 Bedrooms | 178 | 187 | +5.1% |
| 4 Bedrooms | 54 | 56 | +3.7% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Southeast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 72 | -26.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Southeast in November 2024, down by 26.5% month-over-month. Of the 72 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 38 Days | +60.3% |
Summary: Homes in Southeast had an average of 38 days on market in Nov 2024, up by 60.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 72 homes were sold in Southeast; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
