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 neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Charles County was a Seller's Market.

Key Takeaway

Charles County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Charles County, MD cost?

Median Sold Price

$405,760

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$25,670(+6.8%)

Key Takeaway

Homes in Charles County have sold for 6.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $233.7K$180K
-23.0%
2 $276.2K$278K
+0.6%
3 $330K$350K
+6.1%
4 $440K$475.6K
+8.1%
5+ $510K$575K
+12.7%

Median Sold Price Compared To Nearby Counties

King George County
+12.1%
Calvert County
+10.4%
Charles County
+6.8%
Saint Mary's County
+6.7%
Prince George's County
+4.8%

How many homes are available in Charles County, MD?

Number of Homes For Sale

Oct 2022Nov 2022%
950932-1.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 43
-25.0%
2 4135
-14.6%
3 349353
+1.1%
4 386381
-1.3%
5+ 170160
-5.9%

Number of Homes Sold

Oct 2022Nov 2022%
201141-29.9%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

59 Homes Were Sold
At Asking

36 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. 41.8% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
15 Days27 Days+71.3%

Breakdown of Home Sale Times

93 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

7 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.

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

About Charles County, MD

There are 932 homes are for sale in Charles County, MD real estate market. The number of homes for sale in Charles County, MD decreased by 1.9% between October 2022 and November 2022. Listings spent 27 days on the market in November 2022, and had a median list price of $405,760 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 23%, 2 bedrooms properties became 0.6% more expensive, prices of 3 bedrooms properties went up by 6.1%, 4 bedrooms properties became 8.1% more expensive, the cost of 5 bedrooms properties went up by 12.7%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 25%, 2 bedrooms homes inventory decreased by 14.6%, volume of 3 bedrooms homes went up by 1.1%, 4 bedrooms homes became 1.3% less available, 5 bedrooms homes became 5.9% less available. While more than 36 listings in Charles County, MD in November 2022 were sold above asking price, there were more than 59 listings sold at asking price, and more than 46 were sold below.

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