Is Deal Island, 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, Deal Island was a Seller's Market.
Key Takeaway
Deal Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Deal Island, MD
How much do homes in Deal Island, MD cost?
Median Sold Price
$219,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Deal Island have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Deal Island was $219,000 in May 2024, up 4.3% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133K | - | N/A |
| 2 Bedrooms | - | $199.9K | N/A |
| 3 Bedrooms | $185.5K | $262K | +41.2% |
| 4 Bedrooms | $490K | $172K | -64.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Deal Island 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 did not change, 3 bedroom homes increased by 41.2%, 4 bedroom homes decreased by 64.9%, and 5+ bedroom homes did not change.
Housing Supply in Deal Island, MD
How many homes are available in Deal Island, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Deal Island real estate market had 15 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Deal Island 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 increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deal Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Deal Island in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Deal Island, MD
How long does it take to sell a home in Deal Island, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 132 Days | 6 Days | -95.1% |
Summary: Homes in Deal Island had an average of 6 days on market in May 2024, down by 95.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Deal Island are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Deal Island; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
