Salisbury MD Real Estate Sales Report for January 2025

January 2025 Salisbury MD Home Sales Statistics

In January 2025, the median single family home sales price in the Salisbury MD area real estate market was $285,000, up 10% from the median sales price last December. There were 71 home sales, up 8% from the same month last year.

The average time on market was 1.6 months, up from 1.3 months in January 2024. Currently, there are 2.9 months of supply of homes in Wicomico County. * This is determined by the number of homes available divided by the number of homes sold the previous month.

Homes Sold in Wicomico County January 2025

Conclusions for Wicomico County Home Buyers

Wicomico County home prices remain at record highs and mortgage rates are consistently in the high 6% range. However, Salisbury MD area home buyers have an opportunity to negotiate more effectively with sellers than at any time in the last five years. The average list to sell ratio for a single family home last year was 98.8%, a full point lower than just two years ago. As discussed in the 2024 Year in Review, most home sellers on the market now are in a “must move” situation.

Conclusions for Home Sellers in Wicomico County

Salisbury MD area home sellers on the market now or will be this spring need to consider the above when pricing their home. Yes, it’s still a seller’s market but our mantra of late is “2021 is ancient history”. This means that we’re in a normal market for the first time in 5-7 years and it’s not unusual for a home to take 2-4 months or more to sell, especially those listed above 300K. Contact us for details on how we consistently guide our seller clients to the “sweet spot” in an effort to balance max proceeds with a reasonable time for their home on the market.

February 2025 Salisbury MD Real Estate Outlook

Our January projection for Wicomico County home sales ended up reasonably close. We’re expecting February to be significantly slower, with around 55 units closed by month’s end. This would be the lowest total for home sales in February in a decade if accurate.

*Based on information from the Coastal Association of REALTORS® for the period 1/1/25 through 1/31/25

Information compiled by Vision Realty Group is deemed to be reliable, but is not guaranteed. © BRIGHT MLS Copyright 2025