Is Maryland, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maryland is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Maryland 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 Maryland, NY

How much do homes in Maryland, NY cost?

Median Sold Price

$186,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,000(+12.7%)

Key Takeaway

Homes in Maryland have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Maryland was $186,000 in November 2024, up 12.7% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$305K
N/A
2 $139.5K$39.7K
-71.5%
3 $167K$232K
+38.9%
4 $127.7K$225K
+76.1%
5+ $179K-
N/A

Summary: Maryland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 71.5%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 76.1%, and 5+ bedroom homes did not change.

Housing Supply in Maryland, NY

How many homes are available in Maryland, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2219-13.6%

Summary: The Maryland real estate market had 19 homes for sale in November 2024, a 13.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 55
0.0%
3 99
0.0%
4 43
-25.0%
5+ 11
0.0%

Summary: The Maryland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maryland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Maryland in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Maryland, NY

How long does it take to sell a home in Maryland, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days153 Days+341.6%

Summary: Homes in Maryland had an average of 153 days on market in Nov 2024, up by 341.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Maryland has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Maryland; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

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