Is Washington 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, 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.
Housing Prices in Washington County, MD
How much do homes in Washington County, MD cost?
Median Sold Price
$311,480
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Washington County have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Washington County was $311,480 in June 2024, up 8.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $122.5K | -3.9% |
| 2 Bedrooms | $210K | $234.3K | +11.6% |
| 3 Bedrooms | $271K | $296.1K | +9.3% |
| 4 Bedrooms | $381K | $394.9K | +3.7% |
| 5+ Bedrooms | $442.5K | $456.1K | +3.1% |
Summary: Washington County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Counties
| Washington County | $286.5K | $311.4K | +8.7% |
| Berkeley County | $281.9K | $297.4K | +5.5% |
| Jefferson County | $360K | $376K | +4.5% |
| Morgan County | $285K | $285.5K | 0.2% |
Housing Supply in Washington County, MD
How many homes are available in Washington County, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 544 | 569 | +4.6% |
Summary: The Washington County real estate market had 569 homes for sale in June 2024, a 4.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 78 | 77 | -1.3% |
| 3 Bedrooms | 260 | 268 | +3.1% |
| 4 Bedrooms | 147 | 163 | +10.9% |
| 5+ Bedrooms | 52 | 53 | +1.9% |
Summary: The Washington County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 155 | 137 | -11.6% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington County, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 137 homes were sold or pending in Washington County in June 2024, down by 11.6% month-over-month. Of the 137 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 21 Days | 24 Days | +16.4% |
Summary: Homes in Washington County had an average of 24 days on market in Jun 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 137 homes were sold in Washington County; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
