$2,671 Closing Credit*
$224,900
1,161 SqFt
2 Beds
•2 Full Baths
Bradley Rayfield, Listing Office: Coldwell Banker Realty
Is Wicomico County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wicomico County was a Seller's Market.
Key Takeaway
Wicomico County 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 Wicomico County, MD
How much do homes in Wicomico County, MD cost?
Median Sold Price
$265,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,416(+5.8%)
Key Takeaway
Homes in Wicomico County have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Wicomico County was $265,000 in October 2024, up 5.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.5K | $74.9K | -46.7% |
| 2 Bedrooms | $162.6K | $175K | +7.6% |
| 3 Bedrooms | $240K | $250.5K | +4.4% |
| 4 Bedrooms | $339.9K | $335.6K | -1.2% |
| 5+ Bedrooms | $369.5K | $422K | +14.2% |
Summary: Wicomico County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Counties
| Somerset County | $188K | $200.7K | +6.8% |
| Wicomico County | $250.5K | $265K | +5.8% |
| Dorchester County | $257.9K | $259.9K | +0.8% |
| Sussex County | $478.3K | $480.3K | 0.4% |
| Worcester County | $424.9K | $425K | 0.0% |
Housing Supply in Wicomico County, MD
How many homes are available in Wicomico County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 372 | 407 | +9.4% |
Summary: The Wicomico County real estate market had 407 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 46 | 52 | +13.0% |
| 3 Bedrooms | 215 | 240 | +11.6% |
| 4 Bedrooms | 93 | 90 | -3.2% |
| 5+ Bedrooms | 17 | 24 | +41.2% |
Summary: The Wicomico County 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 increased by 13%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 67 | -4.3% |
Asking Price vs. Sold Price
35 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 Wicomico County, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Wicomico County in October 2024, down by 4.3% month-over-month. Of the 67 sold homes, 52% were sold under asking, 22% were sold at asking, and 25% were sold over asking.
Days on Market for Wicomico County, MD
How long does it take to sell a home in Wicomico County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +46.9% |
Summary: Homes in Wicomico County had an average of 33 days on market in Oct 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wicomico County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 67 homes were sold in Wicomico County; 57% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
