Maryland Home Values & Market Trends
There have been 75,552 properties sold in the Maryland real estate market trends. Median home values in the Maryland housing market are $397,902.51. The median residential home value for transactions over the last 12 months is 361,206.415. The State of Maryland currently has 2,545 properties in foreclosure, 612 bank owned properties, and 955 headed for auction.
Maryland Real Estate Market Overview
County | Median Est. Value | County | Median Est. Value |
---|---|---|---|
Prince George's | $ 389,900 $ 230/sqft | Carroll | $ 457,166 $ 212/sqft |
Montgomery | $ 564,837 $ 286/sqft | Calvert | $ 415,487 $ 208/sqft |
Baltimore | $ 330,000 $ 201/sqft | Allegany | $ 131,537 $ 76/sqft |
Anne Arundel | $ 467,453 $ 253/sqft | Queen Anne's | $ 509,136 $ 245/sqft |
Howard | $ 637,315 $ 263/sqft | Cecil | $ 375,000 $ 181/sqft |
Frederick | $ 433,181 $ 213/sqft | Dorchester | $ 260,624 $ 167/sqft |
Charles | $ 425,000 $ 200/sqft | Garrett | $ 370,703 $ 195/sqft |
Harford | $ 384,254 $ 196/sqft | Talbot | $ 506,190 $ 235/sqft |
Washington | $ 298,433 $ 164/sqft | Caroline | $ 249,900 $ 160/sqft |
Worcester | $ 449,900 $ 387/sqft | Somerset | $ 187,495 $ 138/sqft |
Wicomico | $ 255,015 $ 150/sqft | Kent | $ 327,342 $ 188/sqft |
St. Mary's | $ 438,584 $ 192/sqft |
Housing Market Summary for Maryland
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $350K | $384.3K | 9.78% |
Median Sold Price | $368.4K | $384.3K | 4.33% |
Homes For Sale | 7,798 | 7,721 | -0.99% |
Homes Sold | 50,882 | 42,357 | -16.75% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Maryland
Browse Homes in Maryland
There are currently 7,932 properties for sale in Maryland. The current home value ranges in price from 3,000 to 12,500,000. The total count of properties in the state is 1,880,408, and the percentage of properties for sale is 7932.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Maryland with Prince George's containing 274 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 23 counties within Maryland; of those counties, the estimated home value for pre-foreclosure homes ranges from $1,765,030 in Garrett to the lowest home value of $45,979 in Allegany.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Maryland ranges from the highest value of $924,000 in Carroll to the lowest value of $30,000 in Somerset. Bank owned homes and properties account for 0.03% of properties in Maryland. There are 23 counties within Maryland; Prince George's containing 126 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsBaltimore has 174 auction properties, the highest number of properties going to auction in a single county in the state of Maryland. Auction homes and other auction properties account for 0.05% of all properties in Maryland. There are 23 counties within Maryland; of those counties, the median estimated home value for homes going to auction ranges from $664,360 in Howard to the lowest value of $37,532 in Howard.
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More Real Estate Resources for Maryland
Guide for Maryland
A few quick tips to prepare you for selling a luxury home at auction
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