Is Sunderland, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunderland is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Sunderland was a Seller's Market.

Key Takeaway

Sunderland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sunderland, MD

How much do homes in Sunderland, MD cost?

Median Sold Price

$579,500

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$20,500(-3.4%)

Key Takeaway

Homes in Sunderland have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Sunderland was $579,500 in September 2024, down 3.4% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $354.6K$300K
-15.4%
3 $482.9K$487.5K
+0.9%
4 $620K$434K
-30.0%
5+ $630K$639.5K
+1.5%

Summary: Sunderland housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Chesapeake Beach
+1.2%
Sunderland
-3.4%

Housing Supply in Sunderland, MD

How many homes are available in Sunderland, MD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
46+50.0%

Summary: The Sunderland real estate market had 6 homes for sale in September 2024, a 50.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 23
+50.0%
5+ 12
+100.0%

Summary: The Sunderland housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 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 Sunderland, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Sunderland in September 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Sunderland, MD

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

Average Sale Time

Sep 2023Sep 2024CHANGE
28 Days6 Days-78.8%

Summary: Homes in Sunderland had an average of 6 days on market in Sep 2024, down by 78.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sunderland are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Sunderland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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