09/25/2023
Some updates on Market trends in Maryland:
Did you know the average home value in Maryland stands at $404,703? indicating a 2.5% increase over the past year. Homes are moving quickly in the market, with properties going pending in around 6 days, showcasing a fast-paced buying environment. Additionally, the median sale to list ratio as of June 30, 2023, was 1.003, with 53.2% of sales going over list price and 25.4% of sales going under list price. The median days to pending as of July 31, 2023, was 6 days.
Montgomery County is the most expensive real estate market in Maryland with a median sales price of $750,482. Allegany County is the least expensive real estate market in Maryland with a median sales price of $163,256.
Discover the latest trends and forecast for the Maryland housing market in 2023, including prices and inventory data.