Is Saint Michaels, MD a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Saint Michaels is a seller's market


Difference Since May 2022

At the same time last year, Saint Michaels was a Neutral Market.

Key Takeaway

Saint Michaels is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Saint Michaels, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Saint Michaels have sold for 9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $175K-
2 $498.5K$530K
3 $689.6K$565K
4 $499K$777K
5+ $1.8M$1.3M

How many homes are available in Saint Michaels, MD?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 62
3 33
4 56
5+ 00

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Michaels, you may be able to get a good deal. 50% of homes here sold below asking price last month.

How long does it take to sell a home in Saint Michaels, MD?

How long does it take to sell a home in Saint Michaels, MD?

Average Sale Time

May 2022May 2023%
4 Days4 Days+12.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Michaels 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 Michaels, MD

Number of homes for sale in Saint Michaels, MD real estate market have reached 11. Between April 2023 and May 2023, Saint Michaels, MD real estate market has seen decrease in the number of listings by 21.4%. While the average time on the market in May 2023 was 4 days, the median list price was $566,250. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 6.3%, prices of 3 bedrooms properties decreased by 18.1%, 4 bedrooms properties prices increased by 55.7%, the cost of 5 bedrooms properties went down by 29.7%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 66.7%, number of 3 bedrooms homes remained the same, the quantity of 4 bedrooms homes went up by 20%, 5 bedrooms homes inventory did not change. Over 0 listings were sold over their listed price in May 2023 in Saint Michaels, MD. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.