Is Charles County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Charles County has remained a Seller's Market.
Housing Prices in Charles County, MD
How much do homes in Charles County, MD cost?
Median Sold Price
$430,135
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Charles County was $430,135 in June 2024, up 4.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $195K | +8.3% |
2 Bedrooms | $279.5K | $300K | +7.3% |
3 Bedrooms | $369.1K | $380.8K | +3.2% |
4 Bedrooms | $476.8K | $485.4K | +1.8% |
5+ Bedrooms | $575K | $570K | -0.9% |
Summary: Charles County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Counties
Prince George's County | $402.5K | $424.9K | +5.6% |
Calvert County | $416.7K | $439.9K | +5.6% |
King George County | $426K | $449.9K | +5.6% |
Charles County | $410.2K | $430.1K | +4.8% |
Saint Mary's County | $384K | $399.9K | +4.2% |
Housing Supply in Charles County, MD
How many homes are available in Charles County, MD?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
705 | 723 | +2.6% |
Summary: The Charles County real estate market had 723 homes for sale in June 2024, a 2.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 39 | 36 | -7.7% |
3 Bedrooms | 294 | 284 | -3.4% |
4 Bedrooms | 278 | 288 | +3.6% |
5+ Bedrooms | 90 | 111 | +23.3% |
Summary: The Charles County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
207 | 170 | -17.9% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
66 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Summary: A total of 170 homes were sold or pending in Charles County in June 2024, down by 17.9% month-over-month. Of the 170 sold homes, 19% were sold under asking, 39% were sold at asking, and 42% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 19 Days | -14.0% |
Summary: Homes in Charles County had an average of 19 days on market in Jun 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
138 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 170 homes were sold in Charles County; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.