Is Queen Anne's County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Queen Anne's County has remained a Seller's Market.
Key Takeaway
Queen Anne's County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Queen Anne's County, MD
How much do homes in Queen Anne's County, MD cost?
Median Sold Price
$519,035
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Queen Anne's County have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Queen Anne's County was $519,035 in May 2024, up 12.3% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $317.5K | +49.1% |
| 2 Bedrooms | $365K | $375K | +2.7% |
| 3 Bedrooms | $413.3K | $460K | +11.3% |
| 4 Bedrooms | $535K | $590.9K | +10.4% |
| 5+ Bedrooms | $715K | $673.7K | -5.8% |
Summary: Queen Anne's County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Counties
| Talbot County | $413.4K | $500.6K | +21.1% |
| Queen Anne's County | $462.2K | $519K | +12.3% |
| Kent County | $315K | $334.9K | +6.3% |
| Caroline County | $304K | $299K | -1.6% |
| Kent County | $327K | $319.9K | -2.1% |
Housing Supply in Queen Anne's County, MD
How many homes are available in Queen Anne's County, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 253 | 283 | +11.9% |
Summary: The Queen Anne's County real estate market had 283 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 88 | 103 | +17.0% |
| 4 Bedrooms | 102 | 110 | +7.8% |
| 5+ Bedrooms | 30 | 37 | +23.3% |
Summary: The Queen Anne's 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 remained the same, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Queen Anne's County, you may be able to get a good deal. 39.6% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Queen Anne's County in May 2024, the same as the previous month. Of the 48 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Queen Anne's County, MD
How long does it take to sell a home in Queen Anne's County, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +16.0% |
Summary: Homes in Queen Anne's County had an average of 34 days on market in May 2024, up by 16% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Queen Anne's County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in Queen Anne's County; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
