Maryland Home Values & Market Trends

There have been 81,943 properties sold in the Maryland real estate market trends. Median home values in the Maryland housing market are $416,105. The median residential home value for transactions over the last 12 months is 377,248. The State of Maryland currently has 2,773 properties in foreclosure, 491 bank owned properties, and 782 headed for auction.

Maryland Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Prince George's

$ 428,572

$ 253/sqft

Calvert

$ 465,403

$ 234/sqft

Montgomery

$ 619,128

$ 317/sqft

Wicomico

$ 302,625

$ 172/sqft

Baltimore

$ 354,977

$ 216/sqft

Queen Anne's

$ 541,804

$ 267/sqft

Anne Arundel

$ 500,000

$ 274/sqft

Allegany

$ 147,555

$ 88/sqft

Frederick

$ 472,826

$ 236/sqft

Cecil

$ 418,739

$ 196/sqft

Harford

$ 418,029

$ 207/sqft

Dorchester

$ 317,450

$ 178/sqft

Charles

$ 463,079

$ 215/sqft

Talbot

$ 565,455

$ 263/sqft

Howard

$ 599,900

$ 276/sqft

Garrett

$ 474,000

$ 226/sqft

Washington

$ 327,826

$ 185/sqft

Caroline

$ 315,000

$ 184/sqft

Worcester

$ 440,000

$ 344/sqft

Kent

$ 365,000

$ 214/sqft

Carroll

$ 472,577

$ 224/sqft

Somerset

$ 260,993

$ 159/sqft

St. Mary's

$ 415,440

$ 203/sqft

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Housing Market Summary for Maryland

Jan 2024December 2024Change
Median Listing Price$349.9K$360.5K3.01%
Median Sold Price$387.7K$428.1K10.42%
Homes For Sale7,7468,59010.90%
Homes Sold47,89247,381-1.07%
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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 8,203 properties for sale in Maryland. The current home value ranges in price from 15,500 to 29,900,000. The total count of properties in the state is 62,694, and the percentage of properties for sale is 8203.00%.

Foreclosure
There are 23 counties within Maryland; within these counties, the median estimated home value for homes in foreclosure ranges from $1,146,594 in Allegany to the lowest value of $27,476 in Allegany. Foreclosure homes account for 4.00% of properties in Maryland with Prince George's containing 684 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 2.39% of all residential properties in Maryland with Prince George's containing 416 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 $3,249,935 in Queen Anne's to the lowest home value of $27,476 in Allegany.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Maryland ranges from the highest value of $780,000 in Talbot to the lowest value of $28,500 in Allegany. Bank owned homes and properties account for 0.78% of properties in Maryland. There are 23 counties within Maryland; Prince George's containing 100 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Prince George's has 168 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 1.25% 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 $1,670,000 in Washington to the lowest value of $34,950 in Washington.
Homes for Sale
Homes and properties that are actively listed for sale account for 13.08% of residential properties in Maryland with Prince George's containing 1124 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 $3,800,000 in Howard to the lowest value of $13,620 in Allegany.
    Sold Homes
    The median value for recently sold homes ranges from $19,675,294 in Montgomery to the lowest price of $12,010 in Montgomery. There are 23 counties within Maryland. Montgomery has 7382 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 78.07% of properties in Maryland.

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      Guide for Maryland

      Market Reports
      Baltimore Real Estate Market Shows Promising Growth Trend – Mar 2024
      California
      California Pre-Foreclosure Crisis Deepens with 34% Monthly Spike in September 2024
      Colorado
      Denver Pre-Foreclosures Rise by 19 Percent in August 2024
      California
      Los Angeles Pre-Foreclosure Rates Drop 60 Percent in August 2024
      See More Articles
      Baltimore Real Estate Market Shows Promising Growth Trend – Mar 2024
      Market Reports|posted 12 March 2024
      California Pre-Foreclosure Crisis Deepens with 34% Monthly Spike in September 2024
      California|posted 22 November 2024
      Denver Pre-Foreclosures Rise by 19 Percent in August 2024
      Colorado|posted 3 October 2024
      Los Angeles Pre-Foreclosure Rates Drop 60 Percent in August 2024
      California|posted 2 October 2024