$6,531 Closing Credit*
$550,000
2,615 SqFt
2 Beds
•2 Full Baths
Carol Eaton, Listing Office: Coldwell Banker Realty
Is Queen Anne's County, 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, Queen Anne's County has remained a Seller's Market.
Key Takeaway
Queen Anne's County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Queen Anne's County, MD
How much do homes in Queen Anne's County, MD cost?
Median Sold Price
$529,847
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,847(+7.0%)
Key Takeaway
Homes in Queen Anne's County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Queen Anne's County was $529,847 in October 2024, up 7% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337K | $225K | -33.2% |
| 2 Bedrooms | $425.3K | $367.1K | -13.7% |
| 3 Bedrooms | $438K | $472.5K | +7.9% |
| 4 Bedrooms | $563.7K | $575K | +2.0% |
| 5+ Bedrooms | $685K | $710K | +3.6% |
Summary: Queen Anne's County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Counties
| Kent County | $323.3K | $347.9K | +7.6% |
| Queen Anne's County | $495K | $529.8K | +7.0% |
| Talbot County | $460.9K | $492.2K | +6.8% |
| Kent County | $320K | $340.5K | +6.4% |
| Caroline County | $299.9K | $312K | +4.0% |
Housing Supply in Queen Anne's County, MD
How many homes are available in Queen Anne's County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 289 | 315 | +9.0% |
Summary: The Queen Anne's County real estate market had 315 homes for sale in October 2024, a 9.0% 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 | 35 | 39 | +11.4% |
| 3 Bedrooms | 115 | 122 | +6.1% |
| 4 Bedrooms | 102 | 112 | +9.8% |
| 5+ Bedrooms | 35 | 40 | +14.3% |
Summary: The Queen Anne's County 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 11.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 73 | +28.1% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Queen Anne's County, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Queen Anne's County in October 2024, up by 28.1% month-over-month. Of the 73 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Queen Anne's County, MD
How long does it take to sell a home in Queen Anne's County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 41 Days | +68.0% |
Summary: Homes in Queen Anne's County had an average of 41 days on market in Oct 2024, up by 68% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Queen Anne's County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 73 homes were sold in Queen Anne's County; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
