Is Washington County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Washington County was a Neutral Market.
Housing Prices in Washington County, MD
How much do homes in Washington County, MD cost?
Median Sold Price
$309,547
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Washington County was $309,547 in March 2024, up 11.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $114.5K | -10.2% |
2 Bedrooms | $204.9K | $225K | +9.8% |
3 Bedrooms | $265K | $294.9K | +11.3% |
4 Bedrooms | $365K | $399.9K | +9.6% |
5+ Bedrooms | $438.7K | $449.9K | +2.6% |
Summary: Washington County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
Washington County | $277.5K | $309.5K | +11.5% |
Morgan County | $270K | $289.9K | +7.4% |
Berkeley County | $274.9K | $292.7K | +6.5% |
Fulton County | $208.2K | $215K | +3.2% |
Jefferson County | $359.9K | $368.8K | +2.5% |
Housing Supply in Washington County, MD
How many homes are available in Washington County, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
780 | 826 | +5.9% |
Summary: The Washington County real estate market had 826 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 93 | 108 | +16.1% |
3 Bedrooms | 363 | 383 | +5.5% |
4 Bedrooms | 228 | 233 | +2.2% |
5+ Bedrooms | 92 | 99 | +7.6% |
Summary: The Washington County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 7.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 103 | +8.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Washington County in March 2024, up by 8.4% month-over-month. Of the 103 sold homes, 35% were sold under asking, 27% were sold at asking, and 38% were sold over asking.
Days on Market for Washington County, MD
How long does it take to sell a home in Washington County, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 42 Days | +24.5% |
Summary: Homes in Washington County had an average of 42 days on market in Mar 2024, up by 24.5% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 103 homes were sold in Washington County; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.