$5,819 Closing Credit*
$490,000
1,712 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sarah Swann, Listing Office: Baldus Real Estate, Inc.
Is Saint Mary'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, Saint Mary's County has remained a Seller's Market.
Key Takeaway
Saint Mary's County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Mary's County, MD
How much do homes in Saint Mary's County, MD cost?
Median Sold Price
$408,721
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,942(+5.1%)
Key Takeaway
Homes in Saint Mary's County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Saint Mary's County was $408,721 in October 2024, up 5.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $179.9K | +7.1% |
| 2 Bedrooms | $238K | $255K | +7.1% |
| 3 Bedrooms | $338.5K | $361.5K | +6.8% |
| 4 Bedrooms | $438K | $457.7K | +4.5% |
| 5+ Bedrooms | $560K | $565K | +0.9% |
Summary: Saint Mary's County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
| Northumberland County | $412.5K | $470K | +13.9% |
| Westmoreland County | $297.4K | $320K | +7.6% |
| Calvert County | $425K | $449.9K | +5.9% |
| Saint Mary's County | $388.7K | $408.7K | +5.1% |
| Charles County | $419.9K | $439.5K | +4.7% |
Housing Supply in Saint Mary's County, MD
How many homes are available in Saint Mary's County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 391 | 420 | +7.4% |
Summary: The Saint Mary's County real estate market had 420 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 31 | 40 | +29.0% |
| 3 Bedrooms | 151 | 165 | +9.3% |
| 4 Bedrooms | 133 | 132 | -0.8% |
| 5+ Bedrooms | 73 | 80 | +9.6% |
Summary: The Saint Mary'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 29%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 9.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 96 | -1.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Mary's County, expect to pay close to the asking price. 42.7% of homes here sold near the asking price last month.
Summary: A total of 96 homes were sold or pending in Saint Mary's County in October 2024, down by 1.0% month-over-month. Of the 96 sold homes, 26% were sold under asking, 43% were sold at asking, and 31% were sold over asking.
Days on Market for Saint Mary's County, MD
How long does it take to sell a home in Saint Mary's County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | +2.8% |
Summary: Homes in Saint Mary's County had an average of 30 days on market in Oct 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Mary's County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 96 homes were sold in Saint Mary's County; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
