Prince Frederick, Maryland, the county seat of Calvert County, has experienced notable shifts in its housing market over the past year. As of January 2025, the median sale price for homes in Prince Frederick reached $435,900, marking an 87.5% increase compared to the previous year. This substantial rise underscores the area’s growing appeal and the heightened demand for housing.
The broader Calvert County housing market also saw growth, though at a more moderate pace. The median sale price county-wide was $435,450 in January 2025, reflecting an 8.2% year-over-year increase. Homes in Calvert County typically remained on the market for an average of 49 days, a decrease from 65 days in the previous year, indicating a quicker turnover and sustained buyer interest.
In Prince Frederick, homes are selling faster than in the past. The average time on the market has decreased to 17 days in February 2025, down from 39 days in February 2024, representing a 56.8% reduction. This acceleration suggests a competitive market where properties are quickly attracting buyers.
Inventory levels have also shifted. In February 2025, there were seven homes available for sale in Prince Frederick, a 12.5% decrease from the previous month. This reduction in supply, coupled with rising prices, indicates a tightening market that could present challenges for prospective buyers.
The significant increase in home prices in Prince Frederick, especially when compared to the broader Calvert County area, highlights the town’s growing desirability. Factors such as its strategic location, community amenities, and local developments may be contributing to this trend. For potential buyers and investors, staying informed about these market dynamics is crucial for making well-timed and strategic decisions.
In summary, Prince Frederick’s housing market is experiencing rapid growth, characterized by rising home prices, reduced time on the market, and decreasing inventory. These trends reflect a vibrant real estate environment that warrants close attention from all market participants.