Essex, MD Housing Market
The Essex housing market is very competitive. Homes in Essex receive 3 offers on average and sell in around 13 days. The median sale price of a home in Essex was $310K last month, up 14.4% since last year. The median sale price per square foot in Essex is $175, down 2.8% since last year.
Essex Housing Market Trends
In April 2024, Essex home prices were up 14.4% compared to last year, selling for a median price of $310K. On average, homes in Essex sell after 13 days on the market compared to 24 days last year. There were 33 homes sold in April this year, up from 27 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Essex housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 17 days.
- Hot homescan sell for about 3% above list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 21 days.
- Hot homescan sell for about 3% above list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 18 days.
- Hot homescan sell for about 3% above list price and go pending in around 4 days.
Essex Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Essex from outside metros.
- New York homebuyers searched to move into Essex more than any other metro followed by Hartford and Atlanta.
- 82% of Essex homebuyers searched to stay within the Essex metropolitan area.
- Salisbury was the most popular destination among Essex homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,393 | ||
2 | 1,561 | ||
3 | 642 | ||
4 | 348 | ||
5 | 314 | ||
6 | 19 | ||
7 | 12 | ||
8 | 12 | ||
9 | 10 | ||
10 | 9 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,468 | ||
2 | 2,447 | ||
3 | 1,942 | ||
4 | 1,579 | ||
5 | 1,486 | ||
6 | 1,371 | ||
7 | 1,288 | ||
8 | 1,272 | ||
9 | 947 | ||
10 | 832 |
Home offer insights for Essex
Recent offers
View houses in Essex that sold recently
Recently sold homes
- $460,000 Last Sold Price4 beds3 baths2,694 sq ft2504 Island View Rd, Essex, MD 21221(410) 823-0033List Price$487,500Sale to List6% under listDays on Market169 days2504 Island View Rd, Essex, MD 21221
- $540,000 Last Sold Price3 beds2.5 baths1,911 sq ft705 Riverside Dr, Essex, MD 21221(410) 823-0033List Price$539,900Sale to List0% over listDays on Market50 days705 Riverside Dr, Essex, MD 21221
- $305,000 Last Sold Price4 beds2 baths2,040 sq ft201 Margaret Ave, Essex, MD 21221List Price$299,900Sale to List2% over listDays on Market128 days201 Margaret Ave, Essex, MD 21221
- $190,000 Last Sold Price3 beds1 bath1,152 sq ft41 Seaford Ave, Essex, MD 21221(410) 453-0500List Price$199,900Sale to List5% under listDays on Market20 days41 Seaford Ave, Essex, MD 21221
- $360,000 Last Sold Price4 beds2 baths1,460 sq ft8 Woods Ct, Essex, MD 21221(410) 918-9740List Price$350,000Sale to List3% over listDays on Market43 days8 Woods Ct, Essex, MD 21221
- $178,900 Last Sold Price2 beds1.5 baths1,128 sq ft1533 Nicolay Way, Essex, MD 21221(410) 823-0033List Price$189,900Sale to List6% under listDays on Market40 days1533 Nicolay Way, Essex, MD 21221
- $350,000 Last Sold Price4 beds2 baths1,260 sq ft112 N Essex Ave, Essex, MD 21221(443) 318-8800List Price$344,990Sale to List1% over listDays on Market33 days112 N Essex Ave, Essex, MD 21221
- $290,000 Last Sold Price3 beds1.5 baths1,280 sq ft2023 Newhaven Dr, Essex, MD 21221(888) 860-7369List Price$275,000Sale to List5% over listDays on Market55 days2023 Newhaven Dr, Essex, MD 21221
See all recently sold homes in Essex.
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Schools in Essex
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Middleborough Elementary School Public • PreK-5 | 306 Students | 11 reviews |
6/10 Sandalwood Elementary School Public • PreK-5 | 479 Students | 9 reviews |
5/10 Mars Estates Elementary School Public • PreK-5 | 346 Students | 5 reviews |
3/10 Essex Elementary School Public • PreK-5 | 435 Students | 6 reviews |
3/10 Middlesex Elementary School Public • PreK-5 | 370 Students | 6 reviews |
Climate's impact on Essex housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Essex.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Severe
Heat Factor
Transportation in Essex
Walk Score®
Transit Score®
Bike Score®
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