Essex, MD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Essex, MD is $292,500, up 3.0% year-over-year. Homes sell in an average of 70 days with 67 active listings. The market is currently a balanced market.
$292,500median sale price
Is Essex a buyer's or seller's market?
Essex, MD is currently a balanced market, based on 3.4 months of supply and homes selling in about 70 days. How we determine this →
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
Essex, MD market data
| Metric | Value |
|---|---|
| Median sale price | $292,500 |
| Median list price | $299,900 |
| Year-over-year price change | +3.0% |
| Average days on market | 70 days |
| Active inventory | 67 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 101.8% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
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
Homes for sale in Essex
There are currently 67 homes listed for sale in Essex, Maryland. The median listing price is $300K.
Active listings
67
Homes on market
Median list price
$300K
Avg. days on market
70
Days until sale
New this week
23
Newly listed
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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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