Is Scotland, MD 20687 a buyer’s or seller’s market?
Scotland is a seller’s market. With about 2.1 months of supply and 67% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Scotland housing market right now
In the three months ending August 31, 2026, 67% of homes in Scotland, MD 20687 sold above their list price, the typical home went under contract in 97 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, 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 0%, homes sold faster (399 days then) and the median sale price fell 18% to $379,836. Overall, Scotland is more competitive than a year ago, so tougher for buyers.
Within St. Mary's County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 75%.
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.
Run the numbers for 20687
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 →Where Scotland is
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Questions about Scotland real estate
Is Scotland a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Scotland, MD 20687 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 Scotland?
The typical home went under contract in 97 days in the latest three months.
Do homes in Scotland sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 102.8% of the list price.
What are property taxes in Scotland?
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 Scotland?
The median sale price was $379,836 in the three months ending August 31, 2026, about $226 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