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 September 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

$449,571

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$21,521(+5.0%)

Key Takeaway

Homes in Carroll County have sold for 5% more than they did a year ago.

Summary: The median home sold price in Carroll County was $449,571 in September 2024, up 5% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $190K$202K
+6.3%
2 $279K$299.9K
+7.5%
3 $375.7K$385K
+2.5%
4 $524.1K$560K
+6.8%
5+ $709.9K$730K
+2.8%

Summary: Carroll County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Counties

Adams County
+7.8%
Baltimore County
+7.0%
Frederick County
+6.8%
Howard County
+6.0%
Carroll County
+5.0%

Housing Supply in Carroll County, MD

How many homes are available in Carroll County, MD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
487507+4.1%

Summary: The Carroll County real estate market had 507 homes for sale in September 2024, a 4.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 45
+25.0%
2 4663
+37.0%
3 216218
+0.9%
4 161169
+5.0%
5+ 6052
-13.3%

Summary: The Carroll County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
158128-19.0%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

62 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. 48.4% of homes here sold above asking price last month.

Summary: A total of 128 homes were sold or pending in Carroll County in September 2024, down by 19.0% month-over-month. Of the 128 sold homes, 27% were sold under asking, 25% were sold at asking, and 48% 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

Sep 2023Sep 2024CHANGE
16 Days17 Days+3.5%

Summary: Homes in Carroll County had an average of 17 days on market in Sep 2024, up by 3.5% compared to last year.

Breakdown of Home Sale Times

109 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

3 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 September 2024, 128 homes were sold in Carroll County; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% 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 26 Days Ago

Newest Listings in Carroll County, MD

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What housing markets are near Carroll County, MD?