Real Estate Market Update for Essex, MD
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 30% from one year earlier, and down 17% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 140-thousand dollars. The number of units sold increased 80% year-over-year, and increased 50% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Essex, MD
Area Information for Essex, MD
  • Population: 39,506
  • Median Age: 36.17 yr
  • Median Commute Time: 25.46 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 4,267/sq mi
  • Population Change Since 2000: .69%
  • Closest Airport: Baltimore/washington International Thurgood Marshall
  • Closest College: John Hopkins University-sch Of Medicine
  • Closest Jr. College: Community Clg Baltimore Co-essex Campus
  • Median Household Income: $49,729
  • Annual Residential Turnover: 17.06%
  • Median Years in Residence: 3.67 yr
  • Median Home Sales Price: $120,000
  • Closest Major Sports Team: Orioles
  • Change Avg. Household Income Since 2000: 42%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Essex, MD
Median Age: 36.17 Married: 31% Number of Households: 15,629 Households with Children: 5,172
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Essex, MD

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Middleborough Elementary School 0.7 mi Public PRESCHOOL-5 4 4
      Deep Creek Middle School 0.9 mi Public 6-8 2 3
      Chesapeake High School 1.0 mi Public 9-12 2 2
      Sandalwood Elementary School 1.0 mi Public PRESCHOOL-5 3-5 3
      Deep Creek Elementary School 1.3 mi Public 1-5 2 3
      Mars Estates Elementary School 1.3 mi Public PRESCHOOL-5 1 5
      St. Stephens Christian Academy 1.5 mi Private K-3 0 5
      Our Lady Of Mount Carmel Elementary School 1.8 mi Catholic PRESCHOOL-8 0 5
      Our Lady Of Mount Carmel High School 1.8 mi Catholic K-12 0 3
      Sussex Elementary School 1.8 mi Public PRESCHOOL-5 3 4
      Middlesex Elementary School 2.2 mi Public PRESCHOOL-5 2-5 3
      Stemmers Run Middle School 2.2 mi Public 6-8 2-5 2
      St Clare School 2.2 mi Catholic K-8 0 0
      Essex Elementary School 2.3 mi Public K-5 3 4
      Kenwood High School 2.5 mi Public 9-12 2 2
      Eastern Technical High School 2.7 mi Public 9-12 5 4
      Orems Elementary School 3.0 mi Public PRESCHOOL-5 3-5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Essex, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.