Essex, MD
Housing market overview · Updated weekly
$292,500median sale price
Homes sold
20
Last 12 weeks
Days on market
70
Average pace
Active listings
67
3.4 months supply
Sale-to-list
101.8%
Above asking
The Essex housing market is currently classified as a balanced market with a median sale price of $292,500. Prices have risen 3.0% compared to last year, with homes spending an average of 70 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Essex?
The median home sale price in Essex is $292,500, up 3.0% from last year.
How long do homes stay on market in Essex?
Homes typically spend 70 days on market before going under contract.
Is Essex a buyer's or seller's market?
With 3.4 months of supply, Essex is currently a balanced market.
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