$8,301 Closing Credit*
$699,000
1,224 SqFt
3 Beds
•2 Full Baths, 2 Partial
Kimberly M Dixson, Listing Office: Redfin Corp
Is Worcester 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, Worcester County was a Seller's Market.
Key Takeaway
Worcester 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 Worcester County, MD
How much do homes in Worcester County, MD cost?
Median Sold Price
$425,000
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10(0.0%)
Key Takeaway
The sold price of homes in Worcester County has remained the same since last year.
Summary: The median home sold price in Worcester County was $425,000 in October 2024, the same as last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $291.2K | $290K | -0.4% |
| 2 Bedrooms | $400K | $403K | +0.8% |
| 3 Bedrooms | $458.2K | $439.9K | -4.0% |
| 4 Bedrooms | $584K | $591K | +1.2% |
| 5+ Bedrooms | $828.5K | $995K | +20.1% |
Summary: Worcester County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Counties
| Somerset County | $188K | $200.7K | +6.8% |
| Wicomico County | $250.5K | $265K | +5.8% |
| Accomack County | $329.5K | $335K | +1.7% |
| Sussex County | $478.3K | $480.3K | 0.4% |
| Worcester County | $424.9K | $425K | 0.0% |
Housing Supply in Worcester County, MD
How many homes are available in Worcester County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 827 | 946 | +14.4% |
Summary: The Worcester County real estate market had 946 homes for sale in October 2024, a 14.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 85 | 108 | +27.1% |
| 2 Bedrooms | 238 | 275 | +15.5% |
| 3 Bedrooms | 320 | 362 | +13.1% |
| 4 Bedrooms | 136 | 142 | +4.4% |
| 5+ Bedrooms | 48 | 59 | +22.9% |
Summary: The Worcester County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 149 | +33.0% |
Asking Price vs. Sold Price
97 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worcester County, you may be able to get a good deal. 65.1% of homes here sold below asking price last month.
Summary: A total of 149 homes were sold or pending in Worcester County in October 2024, up by 33.0% month-over-month. Of the 149 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Worcester County, MD
How long does it take to sell a home in Worcester County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 68 Days | +149.9% |
Summary: Homes in Worcester County had an average of 68 days on market in Oct 2024, up by 149.9% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Worcester County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 149 homes were sold in Worcester County; 49% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
