$4,274 Closing Credit*
$359,900
1,840 SqFt
4 Beds
•2 Full Baths, 1 Partial
Bryan Michael Clarke, Listing Office: RE/MAX One
Is Great Mills, 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, Great Mills has remained a Seller's Market.
Key Takeaway
Great Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Great Mills, MD
How much do homes in Great Mills, MD cost?
Median Sold Price
$314,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+0.6%)
Key Takeaway
Homes in Great Mills have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Great Mills was $314,500 in November 2024, up 0.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $190K | 0.0% |
| 2 Bedrooms | $207K | $226.5K | +9.4% |
| 3 Bedrooms | $262K | $278K | +6.1% |
| 4 Bedrooms | $365K | $401K | +9.9% |
| 5+ Bedrooms | $440K | $490K | +11.4% |
Summary: Great Mills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 11.4%.
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% |
Housing Supply in Great Mills, MD
How many homes are available in Great Mills, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Great Mills real estate market had 31 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Great Mills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Great Mills, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Great Mills in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 26 Days | +150.8% |
Summary: Homes in Great Mills had an average of 26 days on market in Nov 2024, up by 150.8% compared to last year.
Breakdown of Home Sale Times
5 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 November 2024, 8 homes were sold in Great Mills; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
