Is Caroline 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, Caroline County was a Seller's Market.
Key Takeaway
Caroline County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Caroline County, MD
How much do homes in Caroline County, MD cost?
Median Sold Price
$299,150
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Caroline County have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Caroline County was $299,150 in March 2024, down 1.3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.2K | $90K | -16.9% |
| 2 Bedrooms | $197.5K | $175K | -11.4% |
| 3 Bedrooms | $283.5K | $287K | +1.2% |
| 4 Bedrooms | $334.5K | $359.9K | +7.6% |
| 5+ Bedrooms | $408K | $404.9K | -0.7% |
Summary: Caroline County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Counties
| Talbot County | $409.5K | $485K | +18.4% |
| Queen Anne's County | $449.9K | $515K | +14.5% |
| Sussex County | $450.6K | $474.8K | +5.4% |
| Kent County | $315K | $329.7K | +4.6% |
| Caroline County | $303K | $299.1K | -1.3% |
Housing Supply in Caroline County, MD
How many homes are available in Caroline County, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 166 | 183 | +10.2% |
Summary: The Caroline County real estate market had 183 homes for sale in March 2024, a 10.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 99 | 106 | +7.1% |
| 4 Bedrooms | 31 | 36 | +16.1% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Caroline County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 14 | -39.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caroline County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Caroline County in March 2024, down by 39.1% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Caroline County, MD
How long does it take to sell a home in Caroline County, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 89 Days | 53 Days | -40.9% |
Summary: Homes in Caroline County had an average of 53 days on market in Mar 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Caroline County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Caroline County; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
