Is Washington County, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Washington County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Washington County, MD cost?

Median Sold Price

$274,666

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$24,670(+9.9%)

Key Takeaway

Homes in Washington County have sold for 9.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $110K$145K
+31.8%
2 $175K$200K
+14.3%
3 $239.9K$260K
+8.3%
4 $340.7K$374.3K
+9.9%
5+ $417K$425K
+1.9%

Median Sold Price Compared To Nearby Counties

Berkeley County
+10.6%
Morgan County
+10.3%
Washington County
+9.9%
Jefferson County
+5.3%
Fulton County
+3.1%

How many homes are available in Washington County, MD?

Number of Homes For Sale

Oct 2022Nov 2022%
580533-8.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 97
-22.2%
2 7259
-18.1%
3 293277
-5.5%
4 154135
-12.3%
5+ 5255
+5.8%

Number of Homes Sold

Oct 2022Nov 2022%
126110-12.7%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington County, expect to pay close to the asking price. 34.5% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days28 Days+29.5%

Breakdown of Home Sale Times

79 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washington 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 Washington County, MD

Washington County, MD has 533 homes on the market. The inventory of homes for sale in Washington County, MD between October 2022 and November 2022 decreased by 8.1%. Listings spent 28 days on the market in November 2022, and had a median list price of $274,666 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 31.8% more expensive, the cost of 2 bedrooms properties went up by 14.3%, the cost of 3 bedrooms properties went up by 8.3%, 4 bedrooms properties became 9.9% more expensive, prices of 5 bedrooms properties went up by 1.9%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 22.2%, the quantity of 2 bedrooms homes went down by 18.1%, 3 bedrooms homes became 5.5% less available, 4 bedrooms homes became 12.3% less available, volume of 5 bedrooms homes went up by 5.8%. In November 2022, from all listings sold in Washington County, MD there were more than 36 sold above asking price, over 36 sold below and more than 38 were sold right at the asked price.

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