Is Valley Lee, MD 20692 a buyer’s or seller’s market?
Valley Lee is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Valley Lee housing market right now
In the three months ending August 31, 2026, 0% of homes in Valley Lee, MD 20692 sold above their list price and the typical home went under contract in 46 days. 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 fell from 50%, homes sold more slowly (33 days then) and the median sale price fell 14% to $584,747. Overall, Valley Lee is less competitive than a year ago, which gives buyers more room.
Within St. Mary's County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Abell 20606 (100% sold over asking) and Callaway 20620 (100% sold over asking) are even more competitive.
Run the numbers for 20692
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 Valley Lee is
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Questions about Valley Lee real estate
How fast do homes sell in Valley Lee?
The typical home went under contract in 46 days in the latest three months.
Do homes in Valley Lee sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Valley Lee?
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 Valley Lee?
The median sale price was $584,747 in the three months ending August 31, 2026, about $254 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