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

CountyMedian Est. ValueCountyMedian 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

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Housing Market Summary for Maryland

Mar 2023February 2024Change
Median Listing Price$350K$384.3K9.78%
Median Sold Price$368.4K$384.3K4.33%
Homes For Sale7,7987,721-0.99%
Homes Sold50,88242,357-16.75%
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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%.

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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%.

Foreclosure
There are 23 counties within Maryland; within these counties, the median estimated home value for homes in foreclosure ranges from $1,065,333 in Somerset to the lowest value of $30,000 in Somerset. Foreclosure homes account for 0.00% of properties in Maryland with Prince George's containing 563 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    Baltimore 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.42% of residential properties in Maryland with Prince George's containing 1095 homes for sale, the highest number of listed properties in a single county. There are 23 counties within Maryland; homes for sale in those counties, have a range of median values from $4,500,000 in Howard to the lowest value of $15,000 in Allegany.
    Sold Homes
    The median value for recently sold homes ranges from $14,065,158 in Howard to the lowest price of $15,870 in Howard. There are 23 counties within Maryland. Montgomery has 6011 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 2.18% of properties in Maryland.

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      Guide for Maryland

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