Is Callaway, MD 20620 a buyer’s or seller’s market?
Callaway is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Callaway housing market right now
In the three months ending August 31, 2026, 100% of homes in Callaway, MD 20620 sold above their list price, the typical home went under contract in 2 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (56 days then) and the median sale price rose 50% to $754,673. Overall, Callaway is more competitive than a year ago, so tougher for buyers.
Within St. Mary's County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 90%.
Nearby, buyers who want less competition could look at Valley Lee 20692 (0% sold over asking) or Coltons Point 20626 (0% sold over asking).
Run the numbers for 20620
Nearby markets
Abell 20606Buyer’s market $164 /sq ftAvenue 20609Balanced $277 /sq ftBushwood 20618Seller’s market $290 /sq ftCalifornia 20619Seller’s market $212 /sq ft Browse all markets →Towns like Callaway nearby
Find towns like Callaway in other states →Where Callaway is
Loading map…
Questions about Callaway real estate
Is Callaway a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Callaway, MD 20620 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 Callaway?
The typical home went under contract in 2 days in the latest three months.
Do homes in Callaway sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Callaway?
About 0.84% of a home’s value a year in St. Mary's County, or roughly $3,360 on a $400,000 home.
What is the median home price in Callaway?
The median sale price was $754,673 in the three months ending August 31, 2026, about $158 per square foot.
Local agents
See all agents in 20620 →No sponsored agents in 20620 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 20620
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology