Maryland Home Values & Market Trends
There have been 78,206 properties sold in the Maryland real estate market trends. Median home values in the Maryland housing market are $407,183.3. The median residential home value for transactions over the last 12 months is 358,078.207. The State of Maryland currently has 3,188 properties in foreclosure, 651 bank owned properties, and 975 headed for auction.
Maryland Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Montgomery | $ 641,091 $ 314/sqft | Calvert | $ 442,889 $ 210/sqft |
| Prince George's | $ 401,270 $ 232/sqft | St. Mary's | $ 420,830 $ 192/sqft |
| Baltimore | $ 350,000 $ 211/sqft | Queen Anne's | $ 526,684 $ 247/sqft |
| Anne Arundel | $ 495,303 $ 255/sqft | Allegany | $ 148,277 $ 80/sqft |
| Frederick | $ 462,947 $ 218/sqft | Cecil | $ 375,000 $ 182/sqft |
| Howard | $ 635,565 $ 260/sqft | Garrett | $ 412,756 $ 214/sqft |
| Harford | $ 383,218 $ 193/sqft | Talbot | $ 569,131 $ 283/sqft |
| Charles | $ 426,471 $ 198/sqft | Dorchester | $ 263,892 $ 169/sqft |
| Washington | $ 310,653 $ 167/sqft | Caroline | $ 316,150 $ 168/sqft |
| Worcester | $ 479,900 $ 361/sqft | Somerset | $ 239,000 $ 160/sqft |
| Carroll | $ 459,999 $ 222/sqft | Kent | $ 365,673 $ 204/sqft |
| Wicomico | $ 276,180 $ 152/sqft |
Housing Market Summary for Maryland
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $366K | $380.3K | 3.88% |
| Median Sold Price | $364.2K | $380.3K | 4.41% |
| Homes For Sale | 8,074 | 8,207 | 1.65% |
| Homes Sold | 47,599 | 42,570 | -10.57% |
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 8,689 properties for sale in Maryland. The current home value ranges in price from 2,800 to 19,995,000. The total count of properties in the state is 1,880,477, and the percentage of properties for sale is 8689.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0.08% of all residential properties in Maryland with Prince George's containing 448 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 $1,789,871 in Queen Anne's to the lowest home value of $45,633 in Allegany.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Maryland ranges from the highest value of $839,900 in Howard to the lowest value of $22,000 in Allegany. Bank owned homes and properties account for 0.03% of properties in Maryland. There are 23 counties within Maryland; Prince George's containing 138 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsBaltimore has 180 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 $728,397 in Worcester to the lowest value of $40,378 in Worcester.
Compare Nearby Cities
More Real Estate Resources for Maryland
Guide for Maryland
Baltimore’s real estate market showcases significant growth with increasing property values and sale prices, indicating robust demand and investor confidence.
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Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.
