$4,002 Closing Credit*
$337,000
2,460 SqFt
3 Beds
•2 Full Baths, 2 Partial
Pearl O Whetzel, Listing Office: BOSS Real Estate, LLC
Is California, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$385,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+8.5%)
Key Takeaway
Homes in California have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in California was $385,000 in October 2024, up 8.5% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $177.4K | +6.9% |
| 2 Bedrooms | $233.5K | $260K | +11.3% |
| 3 Bedrooms | $357.5K | $385K | +7.7% |
| 4 Bedrooms | $400K | $420.3K | +5.1% |
| 5+ Bedrooms | $505K | $560K | +10.9% |
Summary: California housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
| California | $355K | $385K | +8.5% |
| Lexington Park | $345.6K | $360K | +4.1% |
| Hollywood | $500K | $500K | 0.0% |
| Great Mills | $316K | $314.5K | -0.5% |
Housing Supply in California, MD
How many homes are available in California, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 79 | +27.4% |
Summary: The California real estate market had 79 homes for sale in October 2024, a 27.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 18 | +50.0% |
| 3 Bedrooms | 22 | 31 | +40.9% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The California housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 26 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
14 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. 53.8% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in California in October 2024, up by 62.5% month-over-month. Of the 26 sold homes, 19% were sold under asking, 54% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 18 Days | +183.0% |
Summary: Homes in California had an average of 18 days on market in Oct 2024, up by 183% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in California are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in California; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
