Is Rising Sun, 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, Rising Sun has remained a Seller's Market.
Housing Prices in Rising Sun, MD
How much do homes in Rising Sun, MD cost?
Median Sold Price
$360,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rising Sun was $360,000 in April 2024, up 18% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $288.7K | $199K | -31.1% |
3 Bedrooms | $300K | $350K | +16.7% |
4 Bedrooms | $336K | $408.5K | +21.6% |
5+ Bedrooms | $405K | $390.9K | -3.5% |
Summary: Rising Sun 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 decreased by 31.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in Rising Sun, MD
How many homes are available in Rising Sun, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 20 | -13.0% |
Summary: The Rising Sun real estate market had 20 homes for sale in April 2024, a 13.0% decrease 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 | 4 | 1 | -75.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rising Sun 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 decreased by 75%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Rising Sun in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Rising Sun, MD
How long does it take to sell a home in Rising Sun, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 50 Days | +297.8% |
Summary: Homes in Rising Sun had an average of 50 days on market in Apr 2024, up by 297.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Rising Sun; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.