$6,531 Closing Credit*
$550,000
2,806 SqFt
3 Beds
•3 Full Baths
Dale C. Hunter, Jr., Listing Office: Bayside Realty
Is Talbot 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, Talbot County has remained a Seller's Market.
Key Takeaway
Talbot County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Talbot County, MD
How much do homes in Talbot County, MD cost?
Median Sold Price
$492,200
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,283(+6.8%)
Key Takeaway
Homes in Talbot County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Talbot County was $492,200 in October 2024, up 6.8% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $214.5K | -0.2% |
| 2 Bedrooms | $350K | $350K | 0.0% |
| 3 Bedrooms | $431.8K | $462.5K | +7.1% |
| 4 Bedrooms | $550K | $637.4K | +15.9% |
| 5+ Bedrooms | $1.6M | $2.2M | +33.6% |
Summary: Talbot County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 33.6%.
Median Sold Price Compared To Nearby Counties
| Queen Anne's County | $495K | $529.8K | +7.0% |
| Talbot County | $460.9K | $492.2K | +6.8% |
| Caroline County | $299.9K | $312K | +4.0% |
| Dorchester County | $257.9K | $259.9K | +0.8% |
Housing Supply in Talbot County, MD
How many homes are available in Talbot County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 253 | 264 | +4.3% |
Summary: The Talbot County real estate market had 264 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 21 | 26 | +23.8% |
| 3 Bedrooms | 126 | 131 | +4.0% |
| 4 Bedrooms | 64 | 65 | +1.6% |
| 5+ Bedrooms | 38 | 38 | 0.0% |
Summary: The Talbot 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 23.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 52 | +40.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Talbot County, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Talbot County in October 2024, up by 40.5% month-over-month. Of the 52 sold homes, 65% were sold under asking, 29% were sold at asking, and 6% were sold over asking.
Days on Market for Talbot County, MD
How long does it take to sell a home in Talbot County, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 91 Days | 61 Days | -32.6% |
Summary: Homes in Talbot County had an average of 61 days on market in Oct 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Talbot County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 52 homes were sold in Talbot County; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
