Is Charles County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Charles County was a Seller's Market.
Key Takeaway
Charles County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Charles County, MD
How much do homes in Charles County, MD cost?
Median Sold Price
$430,701
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Charles County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Charles County was $430,701 in May 2024, up 5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $195K | +8.3% |
| 2 Bedrooms | $287K | $289.5K | +0.9% |
| 3 Bedrooms | $365.2K | $381.5K | +4.5% |
| 4 Bedrooms | $475K | $489K | +3.0% |
| 5+ Bedrooms | $575K | $569.9K | -0.9% |
Summary: Charles County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Counties
| Calvert County | $415K | $450K | +8.4% |
| Prince George's County | $400K | $424.7K | +6.2% |
| Charles County | $410K | $430.7K | +5.0% |
| Saint Mary's County | $385K | $399.5K | +3.8% |
| King George County | $425K | $439.9K | +3.5% |
Housing Supply in Charles County, MD
How many homes are available in Charles County, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 692 | 792 | +14.5% |
Summary: The Charles County real estate market had 792 homes for sale in May 2024, a 14.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 36 | 43 | +19.4% |
| 3 Bedrooms | 311 | 324 | +4.2% |
| 4 Bedrooms | 242 | 303 | +25.2% |
| 5+ Bedrooms | 99 | 118 | +19.2% |
Summary: The Charles County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 154 | 130 | -15.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charles County, you could pay more than the asking price. 43.1% of homes here sold above asking price last month.
Summary: A total of 130 homes were sold or pending in Charles County in May 2024, down by 15.6% month-over-month. Of the 130 sold homes, 20% were sold under asking, 37% were sold at asking, and 43% were sold over asking.
Days on Market for Charles County, MD
How long does it take to sell a home in Charles County, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +8.0% |
Summary: Homes in Charles County had an average of 25 days on market in May 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charles County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 130 homes were sold in Charles County; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
