Is Saint Mary's County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Saint Mary's County has remained a Seller's Market.
Housing Prices in Saint Mary's County, MD
How much do homes in Saint Mary's County, MD cost?
Median Sold Price
$399,128
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saint Mary's County was $399,128 in April 2024, up 3.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168K | $180K | +7.1% |
2 Bedrooms | $239.5K | $240K | 0.2% |
3 Bedrooms | $339.8K | $344.4K | +1.4% |
4 Bedrooms | $433.2K | $445.7K | +2.9% |
5+ Bedrooms | $550K | $561K | +2.0% |
Summary: Saint Mary's County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
Westmoreland County | $290K | $310K | +6.9% |
Northumberland County | $425K | $451.2K | +6.2% |
Charles County | $409.9K | $429.2K | +4.7% |
Saint Mary's County | $385K | $399.1K | +3.7% |
Calvert County | $424.9K | $437.7K | +3.0% |
Housing Supply in Saint Mary's County, MD
How many homes are available in Saint Mary's County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
338 | 408 | +20.7% |
Summary: The Saint Mary's County real estate market had 408 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 30 | 25 | -16.7% |
3 Bedrooms | 121 | 163 | +34.7% |
4 Bedrooms | 120 | 141 | +17.5% |
5+ Bedrooms | 63 | 76 | +20.6% |
Summary: The Saint Mary's County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 34.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 97 | +7.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 97 homes were sold or pending in Saint Mary's County in April 2024, up by 7.8% month-over-month. Of the 97 sold homes, 32% were sold under asking, 31% were sold at asking, and 37% were sold over asking.
Days on Market for Saint Mary's County, MD
How long does it take to sell a home in Saint Mary's County, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 28 Days | +11.8% |
Summary: Homes in Saint Mary's County had an average of 28 days on market in Apr 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 97 homes were sold in Saint Mary's County; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.