Is Crisfield, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Crisfield was a Seller's Market.
Key Takeaway
Crisfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Crisfield, MD
How much do homes in Crisfield, MD cost?
Median Sold Price
$161,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Crisfield have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Crisfield was $161,500 in May 2024, up 3.5% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $27.5K | N/A |
| 2 Bedrooms | $59K | $131K | +122.0% |
| 3 Bedrooms | $189.9K | $166K | -12.6% |
| 4 Bedrooms | $150K | $170.5K | +13.7% |
| 5+ Bedrooms | $297.4K | $207.5K | -30.2% |
Summary: Crisfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 122%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 30.2%.
Housing Supply in Crisfield, MD
How many homes are available in Crisfield, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 59 | +9.3% |
Summary: The Crisfield real estate market had 59 homes for sale in May 2024, a 9.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Crisfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crisfield, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Crisfield in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Crisfield, MD
How long does it take to sell a home in Crisfield, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 82 Days | 71 Days | -12.7% |
Summary: Homes in Crisfield had an average of 71 days on market in May 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Crisfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Crisfield; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
