The Market Square housing market is very competitive. The median sale price of a home in Market Square was $451K last month, up 5.3% since last year. The median sale price per square foot in Market Square is $196, up 14.2% since last year.
What is the housing market like in Market Square today?
In March 2024, Market Square home prices were up 5.3% compared to last year, selling for a median price of $451K. On average, homes in Market Square sell after 18 days on the market compared to 63 days last year. There were 6 homes sold in March this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$451,000
+5.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Market Square, MD
$451,000
+5.3%
United States
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How hot is the Market Square housing market?
Market Square is very competitive. Homes sell in 7 days.
0
100
87
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 7 days.
Hot homes
can sell for about 6% above list price and go pending in around 4 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Market Square housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Market Square.
Risk Factor
Flood Factor - Moderate
37% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Market Square has a moderate risk of flooding. 35 properties in Market Square are likely to be
severely affected
by flooding over the next 30 years. This represents 37% of all properties in Market Square. Flood risk is increasing slower than the national average.
16% of properties are at risk of wildfire over the next 30 years
Fire Factor
Market Square has a minor risk of wildfire. There are 35 properties in Market Square that have some risk of being affected by wildfire over the next 30 years. This represents 16% of all properties in Market Square.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Market Square has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Market Square is most at risk from hurricanes. 210 properties in Market Square have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 55 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 67 mph.