Is Saint Mary's County, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Mary's County is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Saint Mary's County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Saint Mary's County, MD

How much do homes in Saint Mary's County, MD cost?

Median Sold Price

$395,406

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,193(+5.4%)

Key Takeaway

Homes in Saint Mary's County have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Saint Mary's County was $395,406 in March 2024, up 5.4% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $164K$175K
+6.7%
2 $250K$237K
-5.2%
3 $334.4K$343.3K
+2.7%
4 $420K$440K
+4.8%
5+ $549.4K$565K
+2.8%

Summary: Saint Mary's County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Counties

Saint Mary's County
+5.4%
Westmoreland County
+5.2%
Charles County
+5.0%
Northumberland County
+1.8%
Calvert County
+1.7%

Housing Supply in Saint Mary's County, MD

How many homes are available in Saint Mary's County, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
648652+0.6%

Summary: The Saint Mary's County real estate market had 652 homes for sale in March 2024, a 0.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 77
0.0%
2 5857
-1.7%
3 239238
-0.4%
4 233241
+3.4%
5+ 111109
-1.8%

Summary: The Saint Mary's County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 1.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
9877-21.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Mary's County, you could pay more than the asking price. 41.6% of homes here sold above asking price last month.

Summary: A total of 77 homes were sold or pending in Saint Mary's County in March 2024, down by 21.4% month-over-month. Of the 77 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% 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

Mar 2023Mar 2024CHANGE
36 Days27 Days-25.7%

Summary: Homes in Saint Mary's County had an average of 27 days on market in Mar 2024, down by 25.7% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Mary's County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 77 homes were sold in Saint Mary's County; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

Newest Listings in Saint Mary's County, MD

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