Is Leonardtown, MD 20650 a buyer’s or seller’s market?

The Leonardtown housing market right now

In the three months ending August 31, 2026, 44% of homes in Leonardtown, MD 20650 sold above their list price, the typical home went under contract in 49 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 56 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 35%, homes sold more slowly (42 days then) and the median sale price fell 7% to $534,769. Overall, Leonardtown is more competitive than a year ago, so tougher for buyers.

Within St. Mary's County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Leonardtown ranks #97 of 241 MD ZIP codes with enough sales (score 70 out of 100).

Nearby, buyers who want less competition could look at Valley Lee 20692 (0% sold over asking) or Coltons Point 20626 (0% sold over asking), while Abell 20606 (100% sold over asking) and Callaway 20620 (100% sold over asking) are even more competitive.