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 May 2023
At the same time last year, Saint Mary's County was a Seller's Market.
Key Takeaway
Saint Mary's 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 Saint Mary's County, MD
How much do homes in Saint Mary's County, MD cost?
Median Sold Price
$399,577
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saint Mary's County have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Saint Mary's County was $399,577 in May 2024, up 3.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $180K | +7.1% |
| 2 Bedrooms | $237.7K | $239K | 0.5% |
| 3 Bedrooms | $339.9K | $344.9K | +1.5% |
| 4 Bedrooms | $439.4K | $449K | +2.2% |
| 5+ Bedrooms | $550K | $560.5K | +1.9% |
Summary: Saint Mary's County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Counties
| Calvert County | $415K | $450K | +8.4% |
| Westmoreland County | $290K | $312K | +7.6% |
| Charles County | $410K | $430.7K | +5.0% |
| Saint Mary's County | $385K | $399.5K | +3.8% |
| Northumberland County | $420K | $432.5K | +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
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 411 | 490 | +19.2% |
Summary: The Saint Mary's County real estate market had 490 homes for sale in May 2024, a 19.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 7 | +133.3% |
| 2 Bedrooms | 27 | 43 | +59.3% |
| 3 Bedrooms | 167 | 194 | +16.2% |
| 4 Bedrooms | 138 | 156 | +13.0% |
| 5+ Bedrooms | 76 | 90 | +18.4% |
Summary: The Saint Mary's County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 59.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 102 | 79 | -22.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Mary's County, expect to pay close to the asking price. 44.3% of homes here sold near the asking price last month.
Summary: A total of 79 homes were sold or pending in Saint Mary's County in May 2024, down by 22.5% month-over-month. Of the 79 sold homes, 22% were sold under asking, 44% were sold at asking, and 34% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 18 Days | -18.6% |
Summary: Homes in Saint Mary's County had an average of 18 days on market in May 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
5 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 May 2024, 79 homes were sold in Saint Mary's County; 87% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
