March 6, 2024 – MyMarketPulse (mymarketpulse.com) just released the list of the Hottest Markets in Maryland for January 2024.
Where are homes selling fastest and at the best prices? Curious if there are markets in Maryland where there is a high demand for homes? MyMarketPulse took a deep dive into it, exploring where in Maryland the markets are the hottest.
What We Found
We looked at each county, pulling up the median sale prices sales volume from Redfin, focusing on counties with 25 or more home sales per month. We assign a MarketPulse score based on the three-month weighted average of home sales volume and sale prices versus previous twelve months. Counties were then ranked from highest to lowest based on this score.
The Highlights
In Maryland, the hottest-selling market is Garrett County, where the MarketPulse Score is 99 and the median sales price comes in at $420,000 with 28 homes sold.
On the flip side, Howard County sits at the bottom of the market with a MarketPulse Score of 78 with 75 homes sold.
Hottest Markets in Maryland
1. Garrett County. MarketPulse Score of 99
2. Caroline County. MarketPulse Score of 98
3. Allegany County. MarketPulse Score of 94
4. Charles County. MarketPulse Score of 93
5. Cecil County. MarketPulse Score of 93
For more information about the Maryland market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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