Salisbury MD Real Estate Sales Report for February 2025

February 2025 Salisbury MD Home Sales Statistics

In February 2025, the median single-family home sales price in the Salisbury MD area real estate market was $275,000, up 4% from the median sales price last December. There were 60 home sales, down 18% from the same month last year.  

The average time on market was 2.0 months, down from 2.3 months in February 2024.  Currently, there are 3.6 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 February 2025

Conclusions for Wicomico County Home Buyers

Despite some market conditions in the Salisbury MD area favoring buyers (lower list to sell price ratios, increasing months of supply, longer days on market), headwinds remain. Buyers currently in the market are very rate sensitive. Many who had challenges saving for their down payment don’t have enough funds for closing costs. Wicomico County home prices haven’t shown signs abating (as predicted). Until mortgage rates come down appreciably or wages outpace inflation, it will remain a tough market for local home buyers. 

Conclusions for Home Sellers in Wicomico County 

February home sales recorded their lowest total since 2015 in Wicomico County, while months of inventory are at a several year high.  Many home sellers who listed in 2024 have been “chasing the market” to price their homes within market expectations. Would-be home sellers can take this data and use it in their pricing strategy for the upcoming spring market in the Salisbury MD area. We can’t say it enough- “2021 is ancient history.” Contact us for a no-obligation, no fluff conversation on the real value of your home. 

March 2025 Salisbury MD Real Estate Outlook

March home sales should be a bit stronger than February with around 65 home sales expected to close out Q1. Prices should remain at or near record highs. If our sales projection is accurate, it will be comparable to March of 2014. 

*Based on information from the Coastal Association of Realtors^® for the period 2/1/25 through 2/28/25

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