Is Carroll County, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carroll County is a seller's market

Buyer's
Market

Difference Since February 2023

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 in Carroll County, MD

How much do homes in Carroll County, MD cost?

Median Sold Price

$435,347

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,234(+4.9%)

Key Takeaway

Homes in Carroll County have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Carroll County was $435,347 in February 2024, up 4.9% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $160K$200K
+25.0%
2 $265K$289.9K
+9.4%
3 $375K$375K
0.0%
4 $498K$530K
+6.4%
5+ $622K$725K
+16.6%

Summary: Carroll County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 16.6%.

Median Sold Price Compared To Nearby Counties

Baltimore County
+6.1%
Howard County
+5.4%
Carroll County
+4.9%
Adams County
+4.7%
Frederick County
+2.2%

Housing Supply in Carroll County, MD

How many homes are available in Carroll County, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
496518+4.4%

Summary: The Carroll County real estate market had 518 homes for sale in February 2024, a 4.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 42
-50.0%
2 4051
+27.5%
3 183200
+9.3%
4 188181
-3.7%
5+ 8184
+3.7%

Summary: The Carroll County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 3.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
9193+2.2%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carroll County, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.

Summary: A total of 93 homes were sold or pending in Carroll County in February 2024, up by 2.2% month-over-month. Of the 93 sold homes, 30% were sold under asking, 29% were sold at asking, and 41% were sold over asking.

Days on Market for Carroll County, MD

How long does it take to sell a home in Carroll County, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
30 Days26 Days-13.1%

Summary: Homes in Carroll County had an average of 26 days on market in Feb 2024, down by 13.1% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 93 homes were sold in Carroll County; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Carroll County, MD

Nearby Markets to Carroll County, MD

What housing markets are near Carroll County, MD?