Is North Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Beach has remained a Seller's Market.
Housing Prices in North Beach, MD
How much do homes in North Beach, MD cost?
Median Sold Price
$412,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Beach was $412,000 in April 2024, up 11.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $272K | $385K | +41.5% |
3 Bedrooms | $355K | $405K | +14.1% |
4 Bedrooms | $430K | $479K | +11.4% |
5+ Bedrooms | $615K | $770.5K | +25.3% |
Summary: North Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.5%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
Chesapeake Beach | $370K | $497K | +34.3% |
North Beach | $370K | $412K | +11.4% |
North Beach | $375.4K | $415K | +10.5% |
Housing Supply in North Beach, MD
How many homes are available in North Beach, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 32 | +52.4% |
Summary: The North Beach real estate market had 32 homes for sale in April 2024, a 52.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The North Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 8 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in North Beach in April 2024, up by 300.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for North Beach, MD
How long does it take to sell a home in North Beach, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 11 Days | -28.0% |
Summary: Homes in North Beach had an average of 11 days on market in Apr 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in North Beach; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.