Timonium MD
4-23-2024 4:04am

LOCAL HOME PRICES

MD Home Prices Spike In 2024: See County-By-County List

New data reveals the typical home value in Maryland is $406,843, significantly higher than the nationwide average.

Every Maryland county saw home prices spike this year compared to last year, according to new data that revealed where in the state buying a home could cost you more. (Shutterstock)

MARYLAND — Every Maryland county saw home prices spike this year compared to last year, according to new data that revealed where in the state buying a home could cost you more.

The list was created using Zillow data from February 2024, which showed that the typical home value in Maryland is $406,843, a 3.6 percent increase from February 2023. The cost of a home in Maryland is also significantly higher than the nationwide average of $347,716.

Wicomico and Somerset counties topped the list where home prices increased the most, according to the data, followed by Worcester, Cecil, Talbot, and Caroline counties.

In Wicomico and Somerset, home values increased by nearly 8 percent compared to February 2023, while Worcester others saw values increase by nearly 7 percent. The remaining counties recorded around 5.5 percent hikes.

Allegany County saw the smallest increase at 2 percent.

Currently, the most expensive homes in Maryland are located in Montgomery and Howard counties, where typical home values averaged around $600,000 in February, according to the report.

Here's a look at home values in each Maryland county and the percentage change from February 2023 to February 2024:

Allegany

  • Average home value (Feb. 2024): $137,421
  • Percent change: 2 percent

Anne Arundel

  • Average home value (Feb. 2024): $473,761
  • Percent change: 3 percent

Baltimore

  • Average home value (Feb. 2024): $333,174
  • Percent change: 3.1 percent

Baltimore City

  • Average home value (Feb. 2024): $174,661
  • Percent change: 4.1 percent

Calvert

  • Average home value (Feb. 2024): $448,169
  • Percent change: 2.1 percent

Caroline

  • Average home value (Feb. 2024): $296,934
  • Percent change: 5.4 percent

Carroll

  • Average home value (Feb. 2024): $452,656
  • Percent change: 3.8 percent

Cecil

  • Average home value (Feb. 2024): $343,285
  • Percent change: 5.6 percent

Charles

  • Average home value (Feb. 2024): $431,507
  • Percent change: 2.1 percent

Dorchester

  • Average home value (Feb. 2024): $249,701
  • Percent change: 5.1 percent

Frederick

  • Average home value (Feb. 2024): $473,814
  • Percent change: 4.5 percent

Garrett

  • Average home value (Feb. 2024): $314,590
  • Percent change: 2.5 percent

Harford

  • Average home value (Feb. 2024): $389,635
  • Percent change: 4.1 percent

Howard

  • Average home value (Feb. 2024): $593,225
  • Percent change: 4.3 percent

Kent

  • Average home value (Feb. 2024): $334,669
  • Percent change: 4.6 percent

Montgomery

  • Average home value (Feb. 2024): $600,025
  • Percent change: 3.2 percent

Prince George's County

  • Average home value (Feb. 2024): $410,811
  • Percent change: 2.5 percent

Queen Anne's

  • Average home value (Feb. 2024): $479,347
  • Percent change: 5.2 percent

Saint Mary's

  • Average home value (Feb. 2024): $391,593
  • Percent change: 2.1 percent

Somerset

  • Average home value (Feb. 2024): $186,460
  • Percent change: 7.7 percent

Talbot

  • Average home value (Feb. 2024): $391,593
  • Percent change: 5.4 percent

Washington

  • Average home value (Feb. 2024): $461,352
  • Percent change: 4.6 percent

Wicomico

  • Average home value (Feb. 2024): $250,234
  • Percent change: 7.7 percent

Worcester

  • Average home value (Feb. 2024): $425,045
  • Percent change: 6.8 percent
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