Updated February 17, 2020
- In 2020, the average time it takes to sell a home in Maryland — from listing through closing — is approximately 80 days. That’s 45 days to get an offer, plus the typical 35-day closing period.
- Key factors that impact Maryland home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition.
- Your agent’s listing strategy (pricing, marketing, networking, etc.) and the buyer’s financing situation — i.e., the amount of time it takes for them to secure loan approval — will also influence how long your sale ultimately takes.
Read on to learn more about how long it takes to sell a house in Maryland — and get some pro tips on how to speed up your sale, get better offers, and save thousands in the process.
What’s the average time to sell a house in Maryland?
|Average Time to Sell*||Average Price**|
*Redfin Data Center (average of median days on market in 2019)
**Redfin Data Center (average of median price in 2019)
The average time it takes to sell a house in Maryland in 2020 is 80 days — 45 days to get an offer and an additional 35 days to close. This is approximately equal to the national average. Keep in mind that these are annual averages and the numbers will vary by month and/or season.
Best time to sell a house in Maryland
In addition to the average days on market and list price data, we’ve compiled data on the BEST (and worst) time to sell your Maryland house based on what’s most important to you:
- Fastest Time to Sell: When should you list your home if you’re looking to sell quickly?
- Highest Sale Price: What month should you list in to get the best possible price for your home?
Best month to sell a house fast in Maryland
|Month*||Days on Market*|
|Best Month||May||32 days|
|Worst Month||January||63 days|
*Redfin Data Center (median days on market by month in 2019)
The best month to sell a house fast in Maryland is May. The median time it takes for Maryland homes listed in May to get an offer is 32 days, which is 13 days faster than the annual average.
Best month to sell a house in Maryland for price
*Redfin Data Center (median sale price by month in 2019)
The best month to sell a house in Maryland in terms of sale price is June. The median sale price in June is $330,000, which is 7.67% — or $23,500 — more than the annual average.
5 tips to get your Maryland home sold
1. Price your home competitively
Pricing your home with realistic expectations is essential if you want to sell your home quickly and for the highest return. But it’s not easy to determine what the listing price should be.
That requires up-to-date data and statistics for Maryland. Market conditions can vary from city to city and even neighborhood to neighborhood. Pricing accuracy is of paramount importance when trying to sell quickly.
A professional realtor will know how to price your home effectively. In fact, the National Association of Realtors found that sellers who work with real estate agents get 33% more (on average) for their homes than those who try the For Sale By Owner route.
A Clever Partner Agent can help you determine what the optimal selling price for your Maryland home should be. Pricing a home too high initially can have a detrimental impact in the long run. A home that is on the market for too long may see lower bids, or no bids at all.
Our Partner Agents are professionals who buy and sell homes in Maryland every day. They know the local market trends and they can fully take advantage of a hot seller’s market like in Maryland.
2. Make repairs for a return on investment
Having a modern look in your home can be the biggest factor when it comes to making a quick sale. Home buyers usually want to buy a home they don’t need to fix up, a place that they can just move into. That’s why you should try to make as many renovations and repairs as possible.
Only make repairs that will bring a good return on your investment. Same goes for any remodeling. You can spend tens of thousands of dollars on a new kitchen, but if your current kitchen has good appliances and a relatively updated look, then the additional costs would outweigh your return.
But if your kitchen is decades old and has cabinet doors that creak and look like they may fall off, you should put some money into renovations. Also, make sure all of the lights work and there are no leaky faucets. Other big factors that don’t cost too much include shampooing the carpet and giving old walls a new paint job.
3. Stage your home
If you want to sell your home quickly and get as much as you can for it, you need to market your home effectively. One of the easiest ways to bring in offers is to present your home in the best light possible. That’s where staging comes in.
You can rent modern or updated furniture before selling the property. Professional stagers may also choose to set up better lighting and make other small changes that make can make a property more appealing.
It may appear to be an extravagant expense, but the cost of staging a house or condo is minimal compared to the return.
Effective staging will usually cost less than $2,000, but it can add tens of thousands of dollars to the sales price of your Maryland home. The ROI is worth it.
You should also create an effective listing and make sure to launch multiple social media campaigns. Clever Partner Agents are masters at marketing and will make sure that your home is seen by as many potential buyers in your area (and beyond) as possible.
4. Work with a top negotiator
One of the biggest things that can slow down the home selling process is waiting for the perfect offer. As noted above, if your asking price is too far above the market value, then you will miss potential buyers. Some may not make a bid at all and others may make offers that seem too low.
Your Partner Agent will know the precise value of your home so that you don’t overprice it or potentially lose thousands of dollars by underpricing it.
A buyer will usually have a seasoned negotiator, a buyer’s agent, working with them. They make offers and counter offers for a living and you need someone with the same skills.
Our Partner Agents have the latest statistical information and market trend data to help you negotiate a deal that will put more money in your pocket. After you and a buyer come to an agreement, they’ll also guide you through the paperwork to finalize the deal.
5. Find a professional realtor
As noted above, determining home valuation is much more complex than is generally assumed. You don’t want to make a mistake. A good realtor will help you keep control of your home’s sales process while guiding you along the way.
A Clever Partner Agent understands their client’s needs and will negotiate a deal to always ensure the best financial outcome.
Many think the biggest pro to selling without an agent is that you don’t have to pay a realtor’s fee. But, a professional real estate agent provides services that are well worth their cost.
A professional real estate agent will take care of all of the marketing and listing aspects of selling your home. They understand the art of selling, and they know how to effectively use modern social media to showcase your home to the largest possible buyer pool.
Next steps for Maryland home sellers
If you’re looking to sell your home fast in Maryland and get a great price, Clever can help.
Clever negotiates reduced rates with top-rated real estate agents throughout Maryland. Get full service and support for a flat $3,000 listing fee — or just 1% if your home sells for more than $350,000. You’ll still have to offer a buyer’s agent commission, per the standard rate in your area (typically 2.5-3%), but overall, you’ll still save up to 50% on standard commission fees.
Importantly, home sellers who list with Clever get their first qualified offer in an average of 13 days* — that’s 32 days faster than the average time to offer in Maryland.
*Average time to offer for Clever home sellers in 2019.