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| MARCH 2025 | |||
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| Units Sold 190 |
Active Inventory 442 |
Median Sale Price $455,195 |
Days On Market 39 |
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| Up 4% Vs. Year Ago |
Up 17% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 11% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 190 sold this month in Charles County Real Estate versus 174 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 4% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 64 units or 17%. The total number of active inventory this March was 442 compared to 378 in March 2024. This month's total of 442 is higher than the previous month's total supply of available inventory of 420, an increase of 5%. |
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Median Sale Price
Last March, the median sale price for Charles County Homes was $444,950. This March, the median sale price was $455,195, an increase of 2% or $10,245 compared to last year. The current median sold price is 3% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 327 |
Current Contracts 245 |
Sold Vs. List Price 100.2% |
Months of Supply 2.3 |
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| Up 20% Vs. Year Ago |
Up 24% Vs. Year Ago |
No Change Vs. Year Ago |
Up 12% Vs. Year Ago |
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Months of Supply
In March, there was 2.3 months of supply available in Charles County, compared to 2.1 in March 2024. That is an increase of 12% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 327 homes newly listed for sale in Charles County compared to 272 in March 2024, an increase of 20%. There were 245 current contracts pending sale this March compared to 198 a year ago. The number of current contracts is 24% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Charles County was 100.2% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 39, higher than the average last year, which was 35, an increase of 11%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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