$2,731 Closing Credit*
$230,000
1,174 SqFt
2 Beds
•2 Full Baths
Keith A Hawkins, Listing Office: Samson Properties
Is Great Mills, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Great Mills was a Seller's Market.
Key Takeaway
Great Mills 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 Great Mills, MD
How much do homes in Great Mills, MD cost?
Median Sold Price
$314,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,500(-0.5%)
Key Takeaway
The sold price of homes in Great Mills has remained the same since last year.
Summary: The median home sold price in Great Mills was $314,500 in October 2024, down 0.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $190K | 0.0% |
| 2 Bedrooms | $207K | $223K | +7.7% |
| 3 Bedrooms | $260K | $278K | +6.9% |
| 4 Bedrooms | $367.4K | $390.4K | +6.3% |
| 5+ Bedrooms | $440K | $485K | +10.2% |
Summary: Great Mills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| California | $355K | $385K | +8.5% |
| Lexington Park | $345.6K | $360K | +4.1% |
| Great Mills | $316K | $314.5K | -0.5% |
Housing Supply in Great Mills, MD
How many homes are available in Great Mills, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Great Mills real estate market had 32 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Great Mills 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Great Mills, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Great Mills in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Great Mills, MD
How long does it take to sell a home in Great Mills, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 40 Days | +88.9% |
Summary: Homes in Great Mills had an average of 40 days on market in Oct 2024, up by 88.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Great Mills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Great Mills; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
