Is Queen Anne's County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Queen Anne's County has remained a Buyer's Market.
Key Takeaway
Queen Anne's County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Queen Anne's County, MD
How much do homes in Queen Anne's County, MD cost?
Median Sold Price
$515,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Queen Anne's County have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Queen Anne's County was $515,000 in March 2024, up 14.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | $225K | -0.4% |
| 2 Bedrooms | $345K | $360.5K | +4.5% |
| 3 Bedrooms | $402.2K | $455K | +13.1% |
| 4 Bedrooms | $545K | $595K | +9.2% |
| 5+ Bedrooms | $636.8K | $685K | +7.6% |
Summary: Queen Anne's County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Counties
| Talbot County | $409.5K | $485K | +18.4% |
| Queen Anne's County | $449.9K | $515K | +14.5% |
| Kent County | $315K | $329.7K | +4.6% |
| Caroline County | $303K | $299.1K | -1.3% |
| Kent County | $329K | $314.9K | -4.3% |
Housing Supply in Queen Anne's County, MD
How many homes are available in Queen Anne's County, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 389 | 394 | +1.3% |
Summary: The Queen Anne's County real estate market had 394 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 37 | 42 | +13.5% |
| 3 Bedrooms | 145 | 139 | -4.1% |
| 4 Bedrooms | 172 | 167 | -2.9% |
| 5+ Bedrooms | 34 | 46 | +35.3% |
Summary: The Queen Anne's County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Queen Anne's 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 42 homes were sold or pending in Queen Anne's County in March 2024, up by 7.7% month-over-month. Of the 42 sold homes, 38% were sold under asking, 40% were sold at asking, and 21% were sold over asking.
Days on Market for Queen Anne's County, MD
How long does it take to sell a home in Queen Anne's County, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 45 Days | +32.0% |
Summary: Homes in Queen Anne's County had an average of 45 days on market in Mar 2024, up by 32% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Queen Anne's County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 42 homes were sold in Queen Anne's County; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
