$4,511 Closing Credit*
$379,900
2,124 SqFt
3 Beds
•1 Full Bath, 2 Partial
Anna Spann, 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 November 2023
Since last year, Wicomico County has remained a Seller's Market.
Key Takeaway
Wicomico County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wicomico County, MD
How much do homes in Wicomico County, MD cost?
Median Sold Price
$264,986
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,122(+4.4%)
Key Takeaway
Homes in Wicomico County have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Wicomico County was $264,986 in November 2024, up 4.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $106.7K | -23.8% |
| 2 Bedrooms | $163.3K | $180K | +10.2% |
| 3 Bedrooms | $243.2K | $252K | +3.6% |
| 4 Bedrooms | $339.6K | $336K | -1.1% |
| 5+ Bedrooms | $370K | $435K | +17.6% |
Summary: Wicomico County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Counties
| Wicomico County | $253.8K | $264.9K | +4.4% |
| Dorchester County | $259K | $267.8K | +3.4% |
| Somerset County | $193.7K | $200K | +3.2% |
| Sussex County | $477.6K | $484.8K | +1.5% |
| Worcester County | $424.4K | $425.2K | 0.2% |
Housing Supply in Wicomico County, MD
How many homes are available in Wicomico County, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 391 | 404 | +3.3% |
Summary: The Wicomico County real estate market had 404 homes for sale in November 2024, a 3.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 52 | 52 | 0.0% |
| 3 Bedrooms | 228 | 242 | +6.1% |
| 4 Bedrooms | 87 | 86 | -1.1% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Wicomico County 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 remained the same, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 80 | +6.7% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
18 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. 45% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in Wicomico County in November 2024, up by 6.7% month-over-month. Of the 80 sold homes, 45% were sold under asking, 33% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 36 Days | +36.7% |
Summary: Homes in Wicomico County had an average of 36 days on market in Nov 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 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 November 2024, 80 homes were sold in Wicomico County; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
