Is Calvert County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Calvert County was a Neutral Market.
Key Takeaway
Calvert County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Calvert County, MD
How much do homes in Calvert County, MD cost?
Median Sold Price
$432,061
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Calvert County have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Calvert County was $432,061 in March 2024, up 1.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $250K | +16.3% |
| 2 Bedrooms | $296.5K | $310K | +4.6% |
| 3 Bedrooms | $350K | $360K | +2.9% |
| 4 Bedrooms | $497.6K | $524.9K | +5.5% |
| 5+ Bedrooms | $632.5K | $659K | +4.2% |
Summary: Calvert County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Counties
| Anne Arundel County | $449.9K | $480K | +6.7% |
| Saint Mary's County | $375.2K | $395.4K | +5.4% |
| Prince George's County | $399.5K | $420.6K | +5.3% |
| Charles County | $405K | $425.1K | +5.0% |
| Calvert County | $424.9K | $432K | +1.7% |
Housing Supply in Calvert County, MD
How many homes are available in Calvert County, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 600 | 630 | +5.0% |
Summary: The Calvert County real estate market had 630 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 43 | 46 | +7.0% |
| 3 Bedrooms | 202 | 209 | +3.5% |
| 4 Bedrooms | 223 | 236 | +5.8% |
| 5+ Bedrooms | 127 | 136 | +7.1% |
Summary: The Calvert County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 75 | -8.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Calvert County, you could pay more than the asking price. 42.7% of homes here sold above asking price last month.
Summary: A total of 75 homes were sold or pending in Calvert County in March 2024, down by 8.5% month-over-month. Of the 75 sold homes, 21% were sold under asking, 36% were sold at asking, and 43% were sold over asking.
Days on Market for Calvert County, MD
How long does it take to sell a home in Calvert County, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 36 Days | -17.9% |
Summary: Homes in Calvert County had an average of 36 days on market in Mar 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Calvert County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 75 homes were sold in Calvert County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
