Is Washington 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, Washington County has remained a Seller's Market.
Housing Prices in Washington County, MD
How much do homes in Washington County, MD cost?
Median Sold Price
$310,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington County was $310,000 in April 2024, up 10.7% 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 | $106K | $114.5K | +8.0% |
2 Bedrooms | $200K | $227.2K | +13.6% |
3 Bedrooms | $265K | $298K | +12.5% |
4 Bedrooms | $367.6K | $399.6K | +8.7% |
5+ Bedrooms | $422.5K | $456.1K | +8.0% |
Summary: Washington County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Counties
Washington County | $279.9K | $310K | +10.7% |
Berkeley County | $277.4K | $292.2K | +5.3% |
Jefferson County | $355K | $370K | +4.2% |
Morgan County | $288.5K | $285.5K | -1.0% |
Housing Supply in Washington County, MD
How many homes are available in Washington County, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
427 | 495 | +15.9% |
Summary: The Washington County real estate market had 495 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 73 | 74 | +1.4% |
3 Bedrooms | 199 | 225 | +13.1% |
4 Bedrooms | 106 | 144 | +35.8% |
5+ Bedrooms | 49 | 49 | 0.0% |
Summary: The Washington County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 35.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 | 94 | -19.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in Washington County in April 2024, down by 19.0% month-over-month. Of the 94 sold homes, 32% were sold under asking, 26% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 31 Days | -20.0% |
Summary: Homes in Washington County had an average of 31 days on market in Apr 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 94 homes were sold in Washington County; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.