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Featured local agent — Great Mills, MD
Sarah Mitchell
Compass Real Estate · Great Mills, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Great Mills, MD Housing Market
The typical home in Great Mills, MD is worth $372,821, rose 0.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $210,000 (through May 2026). With homes going under contract in about 18 days, Great Mills is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $372,821 home is about $1,990/mo in principal and interest.
Key numbers for Great Mills, MD
Typical home value
$372,821
+0.6% in 12 months
Zillow, August 2026
Typical asking rent
$2,135/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$210,000
Last published period
Redfin, through January 2022
Days on market
18
Fast-moving
Redfin, through January 2022
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
105.0%
Selling above asking
Redfin, through January 2022
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Great Mills a buyer's or seller's market?
Great Mills, MD is a seller's market and homes selling in about 18 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Great Mills housing market data show?
Every row below is Redfin's final published month for Great Mills, MD. Redfin, through January 2022
| Metric | Value |
|---|---|
| Median sale price | $210,000 |
| Median price per sq ft | $138/sq ft |
| Median days on market | 18 days |
| Sale-to-list price ratio | 105.0% |
| Homes sold (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Great Mills is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Great Mills is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Great Mills home prices moved?
We hold fewer than three months of sale history for Great Mills, MD, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Great Mills?
Priced off the typical home value of $372,821 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $74,564 | $298,257 | $1,990/mo |
| 5% | $18,641 | $354,180 | $2,364/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,990, that implies roughly $85,300 a year before you add taxes and insurance. We do not hold a Census income figure for Great Mills, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Great Mills in the next 12 months?
Tell us your timeline. We send the Great Mills market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Great Mills?
Typical asking rent in Great Mills, MD is $2,135/mo, against a typical home value of $372,821. That is a price-to-rent ratio of 14.6x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,990 a month — $145 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Great Mills?
We hold fewer than two months of inventory readings for Great Mills, MD, so there is no trend to report yet.
How does Great Mills compare to Maryland and the U.S.?
Great Mills homes sell for $210,000 — 56% below the Maryland median of $477,300. Against the national median of $410,700, Great Mills runs 49% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Great Mills, MD | $210,000 | not published | 18 days |
| Maryland statewide | $477,300 | +5.5% | 34 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2022 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Great Mills
What buyers should watch
- The gap between 5% and 20% down here is $373 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $372,821 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Great Mills listing goes under contract in 18 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 105.0% of asking. Price at the number you want and let competition do the rest.
- Your equity moved +0.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Great Mills varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Great Mills
Explore homes currently listed for sale in Great Mills, Maryland across major real estate platforms.
Which public schools serve Great Mills?
3 schools tracked · 2,560 students
The largest public schools serving Great Mills, MD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Great Mills High
Grades 9-12 · 1,748 students
George Washington Carver Elementary
Grades PK-5 · 490 students
Greenview Knolls Elementary
Grades PK-5 · 322 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Great Mills, MD?
Ordered by distance from Great Mills, not by size. Compare Great Mills side by side with any of them.
Great Mills housing market FAQ
Is Great Mills a buyer's or seller's market?
Great Mills, MD is currently a seller's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Great Mills?
The typical home in Great Mills, MD is worth $372,821 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $210,000, about $138 per square foot.
Is Great Mills cheaper than the rest of Maryland?
Great Mills's median sale price of $210,000 is 56% lower than the Maryland statewide median of $477,300, and 49% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Great Mills?
Homes in Great Mills, MD spent a median of 18 days on market before going under contract, versus 34 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Great Mills?
At the current 30-year fixed rate of 7.03%, 20% down on a $372,821 home is about $1,990 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $85,300 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Great Mills?
The typical home value in Great Mills, MD rose 0.6% over the last 12 months, from $370,567 to $372,821 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Great Mills?
Great Mills ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Great Mills?
That depends on your timeline, not on a headline. What the data says today: Great Mills, MD is a seller's market, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 14.6x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $372,821, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.