The Long & Foster Market Minute

FOCUS ON: CHARLES COUNTY HOUSING MARKET APRIL 2025

Units Sold
189
Active Inventory
520
Median Sale Price
$442,390
Days On Market
31
Down -12%
Vs. Year Ago
Up 29%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 189 sold this month in Charles County Real Estate versus 196 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 12% versus April 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 117 units or 29%. The total number of active inventory this April was 520 compared to 403 in April 2024. This month's total of 520 is lower than the previous month's total supply of available inventory of 537, a decrease of 3%.

Median Sale Price
Last April, the median sale price for Charles County Homes was $443,000. This April, the median sale price was $442,390, which is similar compared to a year ago. The current median sold price is 3% lower than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
295
Current Contracts
239
Sold Vs. List Price
100.1%
Months of Supply
2.8
Down -4%
Vs. Year Ago
Up 1%
Vs. Year Ago
No Change
Vs. Year Ago
Up 47%
Vs. Year Ago

Months of Supply
In April, there was 2.8 months of supply available in Charles County, compared to 1.9 in April 2024. That is an increase of 47% 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.

New Listings & Current Contracts
This month there were 295 homes newly listed for sale in Charles County compared to 308 in April 2024, a decrease of 4%. There were 239 current contracts pending sale this April compared to 236 a year ago. The number of current contracts is 1% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Charles County was 100.1% 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 31, which is similar compared to a year ago.

The Long & Foster Market Minute
*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.
REALTOR, Equal Opportunity HousingInformation 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.