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FOCUS ON: SAINT MARY'S COUNTY HOUSING MARKET |
AUGUST 2025 |
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Units Sold
106 |
Active Inventory
245 |
Median Sale Price
$417,450 |
Days On Market
28 |
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Down -17%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 1%
Vs. Year Ago |
Up 33%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 106 sold this month in Saint Mary's County Real Estate versus 128 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 17% versus August 2024.
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Active Inventory
The total number of homes available this month is 245 units, which is similar compared to a year ago. This month's total of 245 is lower than the previous month's total supply of available inventory of 318, a decrease of 23%.
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Median Sale Price
Last August, the median sale price for Saint Mary's County Homes was $415,000. This August, the median sale price was $417,450, an increase of 1% or $2,450 compared to last year. The current median sold price is 7% lower than in July.
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
105 |
Current Contracts
141 |
Sold Vs. List Price
99.9% |
Months of Supply
2.3 |
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Down -28%
Vs. Year Ago |
Up 24%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 20%
Vs. Year Ago |
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Months of Supply
In August, there was 2.3 months of supply available in Saint Mary's County, compared to 1.9 in August 2024. That is an increase of 20% 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 105 homes newly listed for sale in Saint Mary's County compared to 146 in August 2024, a decrease of 28%. There were 141 current contracts pending sale this August compared to 114 a year ago. The number of current contracts is 24% higher than last August.
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Sale Price to List Price Ratio
In August, the average sale price in Saint Mary's County was 99.9% 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 28, higher than the average last year, which was 21, an increase of 33%.
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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. |