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| MARCH 2025 | |||
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| Units Sold 86 |
Active Inventory 169 |
Median Sale Price $350,000 |
Days On Market 23 |
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| Up 7% Vs. Year Ago |
Down -7% Vs. Year Ago |
Down -2% Vs. Year Ago |
Down -28% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 86 sold this month in Cecil County Real Estate versus 68 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 8% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 7%. The total number of active inventory this March was 169 compared to 182 in March 2024. This month's total of 169 is lower than the previous month's total supply of available inventory of 182, a decrease of 7%. |
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Median Sale Price
Last March, the median sale price for Cecil County Homes was $358,895. This March, the median sale price was $350,000, a decrease of 2% or $8,895 compared to last year. The current median sold price is 7% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 105 |
Current Contracts 97 |
Sold Vs. List Price 100.1% |
Months of Supply 2.0 |
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| Up 2% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 1.6% Vs. Year Ago |
Down -14% Vs. Year Ago |
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Months of Supply
In March, there was 2.0 months of supply available in Cecil County, compared to 2.3 in March 2024. That is a decrease of 14% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 105 homes newly listed for sale in Cecil County compared to 103 in March 2024, an increase of 2%. There were 97 current contracts pending sale this March compared to 84 a year ago. The number of current contracts is 15% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Cecil County was 100.1% of the average list price, which is 1.5% higher than at this time last year. Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 32, a decrease of 28%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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