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 June 2023
Since last year, Saint Mary's County has remained a Seller's Market.
Key Takeaway
Saint Mary's County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Mary's County, MD
How much do homes in Saint Mary's County, MD cost?
Median Sold Price
$399,975
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Saint Mary's County have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Saint Mary's County was $399,975 in June 2024, up 4.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $175K | +4.2% |
| 2 Bedrooms | $227.5K | $260K | +14.3% |
| 3 Bedrooms | $339.2K | $348.6K | +2.8% |
| 4 Bedrooms | $429.5K | $452.7K | +5.4% |
| 5+ Bedrooms | $565K | $555K | -1.8% |
Summary: Saint Mary's County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Counties
| Northumberland County | $422.5K | $475K | +12.4% |
| Westmoreland County | $292K | $314.9K | +7.9% |
| Calvert County | $416.7K | $439.9K | +5.6% |
| Charles County | $410.2K | $430.1K | +4.8% |
| Saint Mary's County | $384K | $399.9K | +4.2% |
Housing Supply in Saint Mary's County, MD
How many homes are available in Saint Mary's County, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 462 | 480 | +3.9% |
Summary: The Saint Mary's County real estate market had 480 homes for sale in June 2024, a 3.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 35 | 43 | +22.9% |
| 3 Bedrooms | 191 | 178 | -6.8% |
| 4 Bedrooms | 148 | 159 | +7.4% |
| 5+ Bedrooms | 80 | 93 | +16.3% |
Summary: The Saint Mary's County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 22.9%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 16.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 129 | 126 | -2.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Mary's County, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 126 homes were sold or pending in Saint Mary's County in June 2024, down by 2.3% month-over-month. Of the 126 sold homes, 27% were sold under asking, 30% were sold at asking, and 43% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +12.0% |
Summary: Homes in Saint Mary's County had an average of 23 days on market in Jun 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
107 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Mary's County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 126 homes were sold in Saint Mary's County; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
