Is Talbot 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, Talbot County has remained a Seller's Market.
Key Takeaway
Talbot County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Talbot County, MD
How much do homes in Talbot County, MD cost?
Median Sold Price
$499,950
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Talbot County have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in Talbot County was $499,950 in June 2024, up 21.4% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $125K | -52.8% |
| 2 Bedrooms | $295K | $376.2K | +27.5% |
| 3 Bedrooms | $380K | $490K | +28.9% |
| 4 Bedrooms | $512.5K | $680.2K | +32.7% |
| 5+ Bedrooms | $2.2M | $1.9M | -9.2% |
Summary: Talbot County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.8%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Counties
| Talbot County | $411.8K | $499.9K | +21.4% |
| Queen Anne's County | $463.7K | $528.5K | +14.0% |
| Dorchester County | $257.2K | $257K | -0.1% |
| Caroline County | $304K | $299K | -1.6% |
Housing Supply in Talbot County, MD
How many homes are available in Talbot County, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 267 | 291 | +9.0% |
Summary: The Talbot County real estate market had 291 homes for sale in June 2024, a 9.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 26 | 32 | +23.1% |
| 3 Bedrooms | 123 | 141 | +14.6% |
| 4 Bedrooms | 65 | 67 | +3.1% |
| 5+ Bedrooms | 48 | 47 | -2.1% |
Summary: The Talbot County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 2.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 53 | 49 | -7.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Talbot County, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Talbot County in June 2024, down by 7.5% month-over-month. Of the 49 sold homes, 45% were sold under asking, 29% were sold at asking, and 27% were sold over asking.
Days on Market for Talbot County, MD
How long does it take to sell a home in Talbot County, MD?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 35 Days | 29 Days | -16.0% |
Summary: Homes in Talbot County had an average of 29 days on market in Jun 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Talbot County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 49 homes were sold in Talbot County; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
