2024 Maryland Housing Market Update

2024 Maryland Housing Market Update: Home Prices Continue to Climb!

As we move through 2024, Maryland’s housing market is showing strong signs of growth. The latest statistics reveal that the average home price in the state has reached $495,360, marking a 5.1% increase compared to 2023. Homes are selling fast, with properties going under contract in an average of just 10 days—slightly longer than the 9 days in 2023, but still a sign of a competitive market.

With 2025 on the horizon, the outlook for Maryland’s housing market remains positive. However, it’s important to remember that real estate is local. These statewide trends may not fully reflect what's happening in your specific neighborhood or county.

For Homeowners Considering Selling:

If you're thinking about selling, now could be the perfect time to take advantage of the market's strong performance and maximize your home’s value. The market is still active, and demand from buyers remains high.

Interested in knowing what your home could sell for in today’s market? I’d be happy to provide a free, no-obligation market analysis tailored to your property. Let’s connect to discuss how you can make the most of this competitive real estate environment!

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