Is Carroll County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Carroll County has remained a Seller's Market.
Key Takeaway
Carroll County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Carroll County, MD cost?
Median Sold Price
$424,851
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Carroll County have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Carroll County was $424,851 in August 2023, up 3.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $210K | +133.3% |
| 2 Bedrooms | $250K | $272.5K | +9.0% |
| 3 Bedrooms | $358.9K | $374.9K | +4.5% |
| 4 Bedrooms | $475K | $505K | +6.3% |
| 5+ Bedrooms | $611K | $680K | +11.3% |
Summary: Carroll County housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Counties
| Howard County | $499.6K | $540.4K | +8.2% |
| Adams County | $267.2K | $281.6K | +5.4% |
| Baltimore County | $309.4K | $325.1K | +5.1% |
| Carroll County | $410K | $424.8K | +3.6% |
| Frederick County | $435.7K | $449.9K | +3.3% |
Housing Supply
How many homes are available in Carroll County, MD?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 546 | 498 | -8.8% |
Summary: The Carroll County real estate market had 498 homes for sale in August 2023, a 8.8% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 54 | 42 | -22.2% |
| 3 Bedrooms | 204 | 180 | -11.8% |
| 4 Bedrooms | 201 | 189 | -6.0% |
| 5+ Bedrooms | 84 | 84 | 0.0% |
Summary: The Carroll County housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 163 | 150 | -8.0% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carroll County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 150 homes were sold or pending in Carroll County in August 2023, down by 8.0% month-over-month. Of the 150 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market
How long does it take to sell a home in Carroll County, MD?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +15.0% |
Summary: Homes in Carroll County had an average of 17 days on market in Aug 2023, up by 15% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carroll County are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 150 homes were sold in Carroll County; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
