$4,453 Closing Credit*
$375,000
2,824 SqFt
4 Beds
•3 Full Baths
Danielle Jolene Dombrowski, Listing Office: Long & Foster Real Estate, Inc.
Is Talbot County, 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, 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
$487,041
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,041(+2.5%)
Key Takeaway
Homes in Talbot County have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Talbot County was $487,041 in November 2024, up 2.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $219K | +4.3% |
| 2 Bedrooms | $355K | $350K | -1.4% |
| 3 Bedrooms | $460K | $451K | -2.0% |
| 4 Bedrooms | $574.9K | $678K | +17.9% |
| 5+ Bedrooms | $1.9M | $1.8M | -3.8% |
Summary: Talbot County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Counties
| Queen Anne's County | $500K | $535K | +7.0% |
| Dorchester County | $259K | $267.8K | +3.4% |
| Caroline County | $299.9K | $309.9K | +3.3% |
| Talbot County | $475K | $487K | +2.5% |
Housing Supply in Talbot County, MD
How many homes are available in Talbot County, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 254 | 255 | 0.4% |
Summary: The Talbot County real estate market had 255 homes for sale in November 2024, a 0.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 122 | 113 | -7.4% |
| 4 Bedrooms | 69 | 78 | +13.0% |
| 5+ Bedrooms | 36 | 37 | +2.8% |
Summary: The Talbot County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 2.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 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. 69.1% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Talbot County in November 2024, up by 3.8% month-over-month. Of the 55 sold homes, 69% were sold under asking, 16% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 40 Days | +32.7% |
Summary: Homes in Talbot County had an average of 40 days on market in Nov 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 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 November 2024, 55 homes were sold in Talbot County; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
