$5,332 Closing Credit*
$449,000
2,112 SqFt
3 Beds
•2 Full Baths, 1 Partial
Helen Mattingly Mattingly Wernecke, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is California, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, California has remained a Seller's Market.
Key Takeaway
California is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in California, MD
How much do homes in California, MD cost?
Median Sold Price
$397,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,000(+11.8%)
Key Takeaway
Homes in California have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in California was $397,000 in November 2024, up 11.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $179.9K | +8.4% |
| 2 Bedrooms | $233.5K | $262.5K | +12.4% |
| 3 Bedrooms | $360.8K | $385K | +6.7% |
| 4 Bedrooms | $394.9K | $434.7K | +10.1% |
| 5+ Bedrooms | $534.5K | $565K | +5.7% |
Summary: California housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| California | $355K | $397K | +11.8% |
| Lexington Park | $348.6K | $359K | +3.0% |
| Great Mills | $312.5K | $314.5K | +0.6% |
| Hollywood | $500K | $500K | 0.0% |
Housing Supply in California, MD
How many homes are available in California, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 66 | -19.5% |
Summary: The California real estate market had 66 homes for sale in November 2024, a 19.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 33 | 29 | -12.1% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The California housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in California, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in California in November 2024, down by 17.9% month-over-month. Of the 23 sold homes, 30% were sold under asking, 39% were sold at asking, and 30% were sold over asking.
Days on Market for California, MD
How long does it take to sell a home in California, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 19 Days | +36.3% |
Summary: Homes in California had an average of 19 days on market in Nov 2024, up by 36.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in California are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in California; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
