Real Estate Market Update for Elkton, MD
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 17% from one year earlier, and down 4% 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 over 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 35%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 180-thousand dollars. The number of units sold decreased 23% year-over-year, and decreased 20% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
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Map Information for Elkton, MD
Area Information for Elkton, MD
  • Population: 15,399
  • Median Age: 35.84 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 1,686/sq mi
  • Population Change Since 2000: 23.07%
  • Closest Airport: New Castle
  • Closest College: University Of De College Of Agriculture
  • Closest Jr. College: Cecil College
  • Median Household Income: $55,545
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $154,900
  • Closest Major Sports Team: Wilmington Blue Rocks (a)
  • Change Avg. Household Income Since 2000: 46.65%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Elkton, MD
Median Age: 35.84 Married: 34% Number of Households: 5,527 Households with Children: 1,734
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 Elkton, MD

      School Name Distance Type Grades School Rating Parent Rating
      Holiness Christian Academy 0.4 mi Private K-12 0 0
      Gilpin Manor Elementary School 0.6 mi Public PRESCHOOL-5 1 0
      Shorehaven School 0.7 mi Private K-12 0 0
      Elkton High School 0.7 mi Public 9-12 2 3
      Immaculate Conception School 0.8 mi Catholic PRESCHOOL-8 0 0
      Elkton Middle School 0.9 mi Public 6-8 2 0
      Tri-state Christian Academy 1.3 mi Private PRESCHOOL-12 0 0
      Maranatha Baptist Church Academy 2.1 mi Private K-12 0 0
      Holly Hall Elementary School 2.2 mi Public PRESCHOOL-5 2 0
      Thomson Estates Elementary School 2.6 mi Public PRESCHOOL-5 1 0
      Cecil County School Of Technology 2.6 mi Public 11-12 0 0
      Cecil Manor Elementary School 3.1 mi Public PRESCHOOL-5 3 0
      Leeds Elementary School 3.1 mi Public PRESCHOOL-5 3 0
      Kenmore Elementary School 3.8 mi Public K-5 4 0
      Cherry Hill Middle School 4.0 mi Public 6-8 4 0
      Catupult Learning - High Road School Of Cecil County 5.2 mi Private 6-12 0 0
      Elk Neck Elementary School 6.5 mi Public PRESCHOOL-5 3 0
      Elijah School 7.7 mi Private 7-10 0 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Elkton, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.