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 seller's market

Buyer's
Market

Difference Since November 2021

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.

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

Median Sold Price

$369,990

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$23,286(+6.7%)

Key Takeaway

Homes in Saint Mary's County have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $135K$163K
+20.7%
2 $219K$239.2K
+9.2%
3 $305.8K$327K
+6.9%
4 $385.1K$412K
+7.0%
5+ $479.5K$530K
+10.5%

Median Sold Price Compared To Nearby Counties

Northumberland County
+13.6%
Calvert County
+10.4%
Charles County
+6.8%
Saint Mary's County
+6.7%
Westmoreland County
+5.6%

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

Number of Homes For Sale

Oct 2022Nov 2022%
534506-5.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 22
0.0%
2 4137
-9.8%
3 221219
-0.9%
4 193182
-5.7%
5+ 7766
-14.3%

Number of Homes Sold

Oct 2022Nov 2022%
11687-25.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

27 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. 36.8% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
28 Days28 Days+1.6%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

5 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.

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

About Saint Mary's County, MD

Saint Mary's County, MD has 506 homes on the market. Between October 2022 and November 2022, Saint Mary's County, MD real estate market has seen decrease in the number of listings by 5.2%. Listings spent 28 days on the market in November 2022, and had a median list price of $369,990 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 20.7%, 2 bedrooms properties became 9.2% more expensive, prices of 3 bedrooms properties increased by 6.9%, prices of 4 bedrooms properties increased by 7%, 5 bedrooms properties became 10.5% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 9.8%, the quantity of 3 bedrooms homes went down by 0.9%, the quantity of 4 bedrooms homes went down by 5.7%, the quantity of 5 bedrooms homes went down by 14.3%. Saint Mary's County, MD housing market in November 2022 saw over 32 listings sold above listed price, more than 27 sold at listed price and over 28 sold below.

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