Is California, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing California is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, California has remained a Seller's Market.

Key Takeaway

California is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in California, MD cost?

Median Sold Price

$335,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$24,333(+7.8%)

Key Takeaway

Homes in California have sold for 7.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $132.5K$135K
+1.9%
2 $206.5K$178K
-13.8%
3 $289.9K$313.7K
+8.2%
4 $370K$411K
+11.1%
5+ $462K$475K
+2.8%

Median Sold Price Compared To Nearby Cities

California
+7.8%
Great Mills
+6.5%
Lexington Park
+3.2%
Hollywood
-4.9%

How many homes are available in California, MD?

Number of Homes For Sale

Jul 2022Aug 2022%
4781+72.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 49
+125.0%
3 2644
+69.2%
4 915
+66.7%
5+ 813
+62.5%

Number of Homes Sold

Jul 2022Aug 2022%
227+1250.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in California, expect to pay close to the asking price. 40.7% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
9 Days17 Days+91.2%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in California are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About California, MD

California, MD has 81 homes for sale to choose from. Between July 2022 and August 2022, California, MD real estate market has seen increase in the number of listings by 72.3%. While the average time on the market in August 2022 was 17 days, the median list price was $335,000. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 1.9%, 2 bedrooms properties became 13.8% more cheaper, the cost of 3 bedrooms properties went up by 8.2%, 4 bedrooms properties became 11.1% more expensive, prices of 5 bedrooms properties increased by 2.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 125%, number of 3 bedrooms homes increased by 69.2%, the quantity of 4 bedrooms homes went up by 66.7%, the quantity of 5 bedrooms homes went up by 62.5%. While more than 8 listings in California, MD in August 2022 were sold above asking price, there were more than 11 listings sold at asking price, and more than 8 were sold below.

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