The Long & Foster Market Minute

Focus On: Queen Anne's County Housing Market January 2024

Units Sold
46
Active Inventory
154
Median Sale Price
$533,408
Days On Market
37
Up 12%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 6%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 46 sold this month in Queen Anne's County Real Estate versus 54 last month, a decrease of 15%. This month's total units sold was higher than at this time last year, an increase of 12% versus January 2023.

Active Inventory
Versus last year, the total number of homes available this month is higher by 5 units or 3%. The total number of active inventory this January was 154 compared to 149 in January 2023. This month's supply remained stable as compared to last month.

Median Sale Price
Last January, the median sale price for Queen Anne's County Homes was $459,623. This January, the median sale price was $533,408, an increase of 16% or $73,785 compared to last year. The current median sold price is 3% higher than in December.

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


New Listings
82
Current Contracts
62
Sold Vs. List Price
99.0%
Months of Supply
3.3
Up 30%
Vs. Year Ago
Up 35%
Vs. Year Ago
Down -1.7%
Vs. Year Ago
Down -8%
Vs. Year Ago

Months of Supply
In January, there was 3.3 months of supply available in Queen Anne's County, compared to 3.6 in January 2023. That is a decrease of 8% 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 82 homes newly listed for sale in Queen Anne's County compared to 63 in January 2023, an increase of 30%. There were 62 current contracts pending sale this January compared to 46 a year ago. The number of current contracts is 35% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Queen Anne's County was 99.0% of the average list price, which is 1.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 37, higher than the average last year, which was 35, an increase of 6%.

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.