Is Caroline County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Caroline County was a Seller's Market.
Housing Prices in Caroline County, MD
How much do homes in Caroline County, MD cost?
Median Sold Price
$299,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Caroline County was $299,000 in April 2024, down 1.6% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $105K | +16.7% |
2 Bedrooms | $197.5K | $182K | -7.8% |
3 Bedrooms | $289.8K | $285K | -1.7% |
4 Bedrooms | $351K | $353.6K | +0.8% |
5+ Bedrooms | $380K | $404.9K | +6.6% |
Summary: Caroline County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
Talbot County | $405K | $496K | +22.5% |
Queen Anne's County | $460.6K | $515K | +11.8% |
Kent County | $310.2K | $334.4K | +7.8% |
Sussex County | $452.5K | $476.8K | +5.4% |
Caroline County | $304K | $299K | -1.6% |
Housing Supply in Caroline County, MD
How many homes are available in Caroline County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 132 | +14.8% |
Summary: The Caroline County real estate market had 132 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 67 | 74 | +10.4% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Caroline County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Caroline County in April 2024, up by 20.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Caroline County, MD
How long does it take to sell a home in Caroline County, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 72 Days | +44.6% |
Summary: Homes in Caroline County had an average of 72 days on market in Apr 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Caroline County; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.