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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garrett County is a neutral's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

Garrett 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 Garrett County, MD cost?

Median Sold Price

$424,250

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$5,520(+1.3%)

Key Takeaway

Homes in Garrett County have sold for 1.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $137K$139.9K
+2.1%
2 $199.9K$240K
+20.1%
3 $324K$379.5K
+17.1%
4 $513.7K$640K
+24.6%
5+ $980K$995K
+1.5%

Median Sold Price Compared To Nearby Counties

Allegany County
+6.7%
Garrett County
+1.3%
Mineral County
-7.9%

How many homes are available in Garrett County, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
260247-5.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 109
-10.0%
2 1917
-10.5%
3 9590
-5.3%
4 6159
-3.3%
5+ 7572
-4.0%

Number of Homes Sold

Sep 2022Oct 2022%
5337-30.2%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garrett County, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days50 Days+96.0%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Garrett 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 Garrett County, MD

Homes for sale in Garrett County, MD have reached 247. The number of homes for sale in Garrett County, MD decreased by 5% between September 2022 and October 2022. Listings spent 50 days on the market in October 2022, and had a median list price of $424,250 during the same period. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties increased by 2.1%, the cost of 2 bedrooms properties went up by 20.1%, 3 bedrooms properties became 17.1% more expensive, 4 bedrooms properties prices increased by 24.6%, the cost of 5 bedrooms properties went up by 1.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 10% less available, number of 2 bedrooms homes decreased by 10.5%, the quantity of 3 bedrooms homes went down by 5.3%, number of 4 bedrooms homes decreased by 3.3%, volume of 5 bedrooms homes went down by 4%. Garrett County, MD housing market in October 2022 saw over 4 listings sold above listed price, more than 9 sold at listed price and over 24 sold below.

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