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According to data from ClosingCorp, the average closing cost in Maryland is $11,876 after taxes, or approximately 2.97% to 3.96% of the final home sale price.
Across the state, the average home sells for between $300,000 and $400,000. If you buy a property in that range, expect to pay between $8,907 and $15,835 in closing costs after taxes.
|Average home sale price||$300,000 to $400,000|
|Average total closing cost||$11,876|
|Expected closing cost range||$8,907 to $15,835|
|Percentage of closing cost to home sale price||2.97% to 3.96%|
Buyers and sellers in Maryland pay an average of $8,139 in tax combined for the closing. This accounts for 68.53% of the total average closing cost in Maryland.
|Average tax paid||$8,139|
|Percentage of total closing cost||68.53%|
The closing costs for buying a home in Maryland are amongst the nation's highest after accounting for taxes. It’s 49 in our rankings which rates states from lowest to highest closing cost.
|Average total closing cost in Maryland||Ranking*|
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Maryland.
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