Comprehensive market data and analysis
We're showing Maryland County statistics below to give you a broader market picture. As more transactions occur in Cavetown, Maryland, we'll update with specific local data.
View nearby areas with more activity:
13.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Cavetown, Maryland | ||||||
The median price for land in the Maryland area is currently $63K per acre. For a typical parcel, the median sale price is $113K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $17K while premium lots reached $550K.
the Maryland area is currently a strong buyer's market with 13.1 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 30.4% year-over-year.
the Maryland area currently has 13.1 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, the Maryland area saw 2,034 properties sold, totaling $513.4M in sales volume. In just the last 3 months, 463 properties changed hands.
There are currently 2,021 active listings in the Maryland area. 541 new listings have hit the market in the last 90 days. The median asking price is $150K.
The median land price in the Maryland area stands at $113K. This translates to roughly $63K per acre for the typical parcel size. The average price is $252K, indicating some higher-priced properties pulling up the average.
Land in the Maryland area typically sells within 176 days of listing. The median time on market is 84 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
