Is Wicomico County, 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, Wicomico County has remained a Seller's Market.
Housing Prices in Wicomico County, MD
How much do homes in Wicomico County, MD cost?
Median Sold Price
$265,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wicomico County was $265,000 in April 2024, up 8.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141K | $140K | -0.7% |
2 Bedrooms | $160K | $175K | +9.4% |
3 Bedrooms | $230K | $249.9K | +8.7% |
4 Bedrooms | $329.9K | $339.9K | +3.0% |
5+ Bedrooms | $383.8K | $410K | +6.8% |
Summary: Wicomico County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Counties
Wicomico County | $244.5K | $265K | +8.4% |
Sussex County | $452.5K | $476.8K | +5.4% |
Worcester County | $406.4K | $422.9K | +4.0% |
Dorchester County | $250K | $257.5K | +3.0% |
Somerset County | $195K | $190K | -2.6% |
Housing Supply in Wicomico County, MD
How many homes are available in Wicomico County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
323 | 336 | +4.0% |
Summary: The Wicomico County real estate market had 336 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 206 | 201 | -2.4% |
4 Bedrooms | 80 | 88 | +10.0% |
5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Wicomico County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 69 | -2.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Wicomico County in April 2024, down by 2.8% month-over-month. Of the 69 sold homes, 52% were sold under asking, 30% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 50 Days | +31.5% |
Summary: Homes in Wicomico County had an average of 50 days on market in Apr 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 69 homes were sold in Wicomico County; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.