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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charles County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Charles County was a Neutral Market.

Key Takeaway

Charles County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Charles County, MD

How much do homes in Charles County, MD cost?

Median Sold Price

$425,152

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,062(+5.0%)

Key Takeaway

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

Summary: The median home sold price in Charles County was $425,152 in March 2024, up 5% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $180K$240K
+33.3%
2 $280K$285K
+1.8%
3 $358.5K$375.9K
+4.9%
4 $474.9K$489.8K
+3.1%
5+ $580K$574.5K
-0.9%

Summary: Charles County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Counties

Saint Mary's County
+5.4%
Prince George's County
+5.3%
Charles County
+5.0%
King George County
+4.8%
Calvert County
+1.7%

Housing Supply in Charles County, MD

How many homes are available in Charles County, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,3421,375+2.5%

Summary: The Charles County real estate market had 1,375 homes for sale in March 2024, a 2.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 76
-14.3%
2 6158
-4.9%
3 489512
+4.7%
4 521528
+1.3%
5+ 264271
+2.7%

Summary: The Charles County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
148131-11.5%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charles County, expect to pay close to the asking price. 40.5% of homes here sold near the asking price last month.

Summary: A total of 131 homes were sold or pending in Charles County in March 2024, down by 11.5% month-over-month. Of the 131 sold homes, 27% were sold under asking, 40% were sold at asking, and 33% were sold over asking.

Days on Market for Charles County, MD

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

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days35 Days+4.1%

Summary: Homes in Charles County had an average of 35 days on market in Mar 2024, up by 4.1% compared to last year.

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 131 homes were sold in Charles County; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% 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 22 Days Ago

Newest Listings in Charles County, MD

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