Is Saint Mary's County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Saint Mary's County has remained a Seller's Market.
Key Takeaway
Saint Mary's County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Mary's County, MD
How much do homes in Saint Mary's County, MD cost?
Median Sold Price
$399,128
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Saint Mary's County have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Saint Mary's County was $399,128 in April 2024, up 3.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $180K | +7.1% |
| 2 Bedrooms | $239.5K | $240K | 0.2% |
| 3 Bedrooms | $339.8K | $344.4K | +1.4% |
| 4 Bedrooms | $433.2K | $445.7K | +2.9% |
| 5+ Bedrooms | $550K | $561K | +2.0% |
Summary: Saint Mary's County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
| Westmoreland County | $290K | $310K | +6.9% |
| Northumberland County | $425K | $451.2K | +6.2% |
| Charles County | $409.9K | $429.2K | +4.7% |
| Saint Mary's County | $385K | $399.1K | +3.7% |
| Calvert County | $424.9K | $437.7K | +3.0% |
Housing Supply in Saint Mary's County, MD
How many homes are available in Saint Mary's County, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 338 | 408 | +20.7% |
Summary: The Saint Mary's County real estate market had 408 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 30 | 25 | -16.7% |
| 3 Bedrooms | 121 | 163 | +34.7% |
| 4 Bedrooms | 120 | 141 | +17.5% |
| 5+ Bedrooms | 63 | 76 | +20.6% |
Summary: The Saint Mary's County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 34.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 97 | +7.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Mary's County, you could pay more than the asking price. 37.1% of homes here sold above asking price last month.
Summary: A total of 97 homes were sold or pending in Saint Mary's County in April 2024, up by 7.8% month-over-month. Of the 97 sold homes, 32% were sold under asking, 31% were sold at asking, and 37% were sold over asking.
Days on Market for Saint Mary's County, MD
How long does it take to sell a home in Saint Mary's County, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +11.8% |
Summary: Homes in Saint Mary's County had an average of 28 days on market in Apr 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Mary's County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 97 homes were sold in Saint Mary's County; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
