Is Maryland, NY 12116 a buyer’s or seller’s market?
Maryland is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Maryland housing market right now
In the three months ending August 31, 2026, 0% of homes in Maryland, NY 12116 sold above their list price, the typical home went under contract in 77 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (46 days then) and the median sale price rose 54% to $384,833. Overall, Maryland is less competitive than a year ago, which gives buyers more room.
Within Otsego County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, East Worcester 12064 (100% sold over asking) and Morris 13808 (60% sold over asking) are even more competitive.
Run the numbers for 12116
Nearby markets
Burlington Flats 13315Buyer’s market $198 /sq ftCherry Valley 13320Buyer’s market $126 /sq ftCooperstown 13326Buyer’s market $240 /sq ftEast Springfield 13333 — /sq ft Browse all markets →Towns like Maryland nearby
Find towns like Maryland in other states →Where Maryland is
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Questions about Maryland real estate
Is Maryland a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Maryland, NY 12116 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Maryland?
The typical home went under contract in 77 days in the latest three months.
Do homes in Maryland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Maryland?
About 1.70% of a home’s value a year in Otsego County, or roughly $6,800 on a $400,000 home.
What is the median home price in Maryland?
The median sale price was $384,833 in the three months ending August 31, 2026, about $207 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology