Cost to Build a House in Maryland for 2024

In Maryland, building a house on average cost $147 per square foot. For a 2000 square foot home, the average building cost is $294,000. Total costs range from $450,000 to $600,000, varying by location, property type, labor, materials, etc. Construction usually takes 9-12 months across the state.

Key Takeaways

  • The average cost $147 per square foot to build a house in Maryland.
  • Cost per square foot approximately ranges from $100 to $300 (rural to urban)
  • For a 2,000 square foot home, expect to pay around $294,000.
  • Total cost can range from $200,000 to $600,000 plus depending on various factors.
  • Completing a home takes 9-12 months in Maryland.

The Average Home Building Cost in Maryland

The average cost of building a house is approximately $147.08 per square foot in Maryland. For a 2,000 square foot home, the average building cost is $294,160. Total costs range from $200,000 to over $600,000, varying depending on location, property type, labor expenses, material costs, and other factors. 

In December 2023, home prices in Maryland were up 5.6% compared to the previous year, selling for a median price of $395,400. This indicates continued strong demand in the local housing market.

Also read: How Much Does it Cost to Build a House in Mississippi

Average Cost Based On Square Footage in Maryland

Square FootageAverage Cost Ranges
500 sq ft$73,500 – $150,000
1000 sq ft$147,000 – $300,000
1500 sq ft$220,500 – $450,000
2000 sq ft$294,000 – $600,000
2500 sq ft$367,500 – $750,000
3000 sq ft$441,000 – $900,000
3500 sq ft$514,500 – $1,050,000
4000 sq ft$588,000 – $1,200,000
4500 sq ft$661,500 – $1,350,000
5000 sq ft$735,000 – $1,500,000

Average Cost to Build a House in Maryland by Cities (Estimate)

CityAverage Cost per Square Foot
Baltimore$160
Frederick$130
Rockville$140
Annapolis$150
Columbia$145
Bethesda$170
Hagerstown$125
Salisbury$120
Cumberland$115
Ocean City$165

Estimated Cost to Build a Home in Maryland by Number of Bedrooms

Number of BedroomsEstimated Cost Ranges
1$50,000 – $183,750
2$100,000 – $220,500
3$150,000 – $257,250
4$200,000 – $294,000

Estimated Cost of Building a Home in Maryland by Number of Stories

Number of StoriesCost to Build (Modular)Cost to Build (Stick-Built)
1 Story$52,000 – $150,000$124,000 – $675,000
2 Stories$78,000 – $250,000$186,000 – $1,150,000
3 Stories$162,500 – $350,000$387,500 – $1,575,000

Average Cost to Build a House in Maryland by Style

House StyleModular ConstructionStick-Built Construction
Tiny House$16,000 – $65,000$50,000 – $120,000
Cape Cod$78,000 – $180,000$186,000 – $540,000
Ranch$120,000 – $200,000$300,000 – $600,000
Craftsman$127,500 – $200,000$375,000 – $800,000
Tudor$127,500 – $200,000$375,000 – $800,000
Modern$170,000 – $250,000$400,000 – $1,000,000
Georgian Colonial$170,000 – $250,000$400,000 – $1,000,000
Mediterranean$170,000 – $300,000$500,000 – $1,200,000
Dutch Colonial$175,000 – $275,000$450,000 – $1,250,000
Federal Colonial$200,000 – $400,000$500,000 – $1,750,000
Victorian$200,000 – $400,000$500,000 – $1,750,000
Greek Revival$200,000 – $400,000$500,000 – $1,750,000

Exploring Varied House Building Costs in the USA

StateAverage Amount
Maryland$294,160
Maine$282,140
Kentucky$280,580
Kansas$207,120
Indiana$219,300
Hawaii$412,840
Delaware$327,060
California$405,440
Arkansas$251,800
Arizona$295,580
Alaska$421,080
Alabama$267,620
Illinois$265,440
Utah$288,560
Massachusetts$350,820
Minnesota$236,980
Pennsylvania$270,000
Wisconsin$424,000
Oklahoma$260,000
Washington$343,100
Colorado$299,300
Connecticut$345,440
Florida$263,640
Georgia$273,860
New Jersey$376,900
New York$360,180
North Carolina$301,500
North Dakota$212,500
Ohio$222,480

Cost Breakdown of Building a House in Maryland

Land Acquisition and Preparation

The first step in any new home construction project is purchasing a lot and preparing the land. The cost of the lot itself can range dramatically based on location, with rural and suburban land generally selling for $50,000 to $150,000 per acre compared to over $1 million per acre in some urban neighborhoods.

Site preparation adds on average another $15,000-$30,000 depending on the terrain and extent of clearing and grading required. Basic tasks include:

  • Surveying
  • Environmental testing
  • Clearing trees/vegetation
  • Removing old structures
  • Grading/leveling the site
  • Installing sewer/septic, water, electrical and other utility lines

Permits, impact fees and other upfront costs can tally another $5,000-$10,000+ on average.

Home Building Costs

The hard construction costs make up the majority of the total bill when building a new single family residence. This includes all labor and materials directly related to constructing the home itself. Expect to pay around $100-$250 per square foot, with luxury custom homes sometimes exceeding $500 per square foot for the build alone.

Excavation and Foundation

For a typical 2,000 square foot home, foundation costs often fall in the range of $25,000 to $50,000. This includes all labor and materials for:

  • Excavating/digging out for the foundation and utilities
  • Pouring concrete footings and walls
  • Waterproofing and drainage systems
  • Inspections

The type of foundation determines overall pricing, with basic crawl spaces being cheaper than concrete slabs, full basements or walkout basements. However, upgrading to a full basement only increases costs by around 10-15% and adds usable living space.

Framing and Roofing

Framing labor along with structural materials like lumber and engineered floor/ceiling systems will add around $40,000 to $60,000 to the job. This covers:

  • Framing exterior walls, interior partitions
  • Installing structural insulated panels (SIPs)
  • Raising roof trusses
  • Sheathing roofs and walls

Metal roofs cost $125-$500 per square foot installed, while most asphalt shingle roofs range from $100 to $300 per square installed. So for a 2,000 square foot home, roofing runs $20,000 to $60,000+.

MEP Systems

MEP refers to mechanical, electrical and plumbing systems which include:

  • HVAC equipment and ductwork
  • Electrical wiring and fixtures
  • Plumbing pipes and bath/kitchen fixtures
  • Smart home devices and security systems

Typically the MEP components add $30,000 to $60,000 in direct construction fees, but can be higher if the systems are complex or optimized for energy efficiency.

Interior Finishes

Drywall, paint, cabinets, countertops, interior doors and trim, flooring and other inside finishes account for $30,000 to $100,000+ on most home builds. Luxury houses often spend over 50% of the total budget on high-end finishes. Common upgrade items include:

  • Stone/tile floors and walls
  • Custom cabinetry
  • Integrated smart home tech

An average quality tile flooring costs $7-$15 per square foot installed. So a 2,000 square foot home would need around $14,000 to $30,000 in flooring.

Also read: How Much Does It Cost to Build a House in Maine

Additional Costs Beyond Construction

A 100% turnkey new home build involves more than just the direct building costs. Other items that bump up the final price tag include:

  • Architectural designs and permits – $20,000+ for luxury custom house plans
  • Construction financing – expect origination fees and high interest rates for builder loans
  • Insurance – general liability and builder’s risk insurance adds thousands
  • Property taxes – the annual tax levy ranges $5,000 to $25,000+ per year
  • Landscaping – $10,000 to $50,000+ for plantings, fences, driveways and other exterior work
  • Utility connections – thousands to tens of thousands to hook up power, water, gas, sewer etc.

In total expect an extra 10-25% on top of the direct building expenses to complete the home and make it occupancy ready.

Factors That Impact Total Cost

Many variables determine where your new home build falls within the typical price ranges:

Location/Lot

Land values drive significant cost differences between different Maryland regions. Rural counties offer cheaper dirt than the DC suburbs or Baltimore neighborhoods for example. Oceanfront and water access also boosts land prices dramatically.

Materials and Finishes

Upgrading fixtures, floors, countertops and architectural details increases construction costs very quickly. Luxury homes spend over half the budget on premium materials and furniture like home automation systems.

House Size and Features

Larger square footage, additional bedrooms/bathrooms, media rooms and specialty spaces add more to the bottom line. A 4 bedroom home costs much more than a 2 bedroom for instance.

Custom Design vs Plan

Building fully custom from the ground up is more expensive than using standardized plans. Unique homes require costly architectural drawings and engineering.

Also read: Cost to Build a House in Idaho: Complete Idea

Tips for Controlling Your Budget

Here are some helpful tips builders use to keep custom home projects on-budget:

  • Size Matters: Aim for an optimized home size around 2,000 to 3,000 sq. feet to maximize value per square foot. This balances livability and resale potential.
  • DIY What You Can: Get quotes on work you can take on yourself like finishing basements, paint, flooring, landscaping. Sweat equity saves substantially.
  • Compare Multiple Quotes: Talk to several builders and suppliers before choosing. Cost can vary dramatically between contractors for the same work.
  • Watch the Upgrades: Limit upgrades to amenities that matter most for your lifestyle and resale value. Prioritize kitchens, bathrooms and curb appeal.
  • Build in Phases: Stage construction if needed so higher priority living areas get completed first. Leave lower levels or bonus spaces to finish later.

How Long Does Construction Take?

Another major consideration is the construction timeline. Building a fully custom Maryland home typically takes 9-12 months depending on weather delays and project complexity. Here is the typical new home building schedule:

  • Pre-Construction Planning – 2-4 weeks
  • Site Preparation & Foundation – 6-8 weeks
  • Framing & Roofing – 6-8 weeks
  • Exterior Finishes – 6-8 weeks
  • Mechanicals Rough-in – 6-8 weeks
  • Interior Finishes Trims – 8-12+ weeks

Step-by-Step Process to Build a House in Maryland

  • Purchase or secure land to build on
  • Hire an architect to design plans and get permits/approvals
  • Select and finalize house design, floorplans, materials, etc.
  • Get quotes and hire a licensed general contractor
  • Clear and prepare the building site
  • Lay the foundation and begin framing
  • Complete exterior finishes like siding, windows, roofing
  • Rough-in mechanicals (plumbing, electric, HVAC)
  • Install insulation, drywall, interior trims and fixtures
  • Finish landscaping, paving driveway, exterior painting

House Building Financing Options for Maryland

Construction Loans

  • Specialty loans covering build costs in phases then convert to regular mortgage
  • Typically cover 80-90% of total budget if good credit
  • Interest-only payments during build, then regular principal + interest

203k Renovation Loans

  • FHA-backed mortgages covering purchase + rehab costs
  • Allows major remodels up to $35,000
  • Can finance up to 96.5% of after-improved value

Home Equity Lines of Credit (HELOCs)

  • Useful for major renovation projects on existing home
  • Revolving credit line up to 85% of equity
  • Interest-only payments during draw period

401k/Retirement Account Loans

  • Can borrow up to 50% of vested balance up to $50,000
  • Must repay within 5 years with interest

Cash-Out Mortgage Refinancing

  • Tap into equity by refinancing higher than current loan
  • Up to 80% combined loan-to-value

Benefits of Building Your Own Home in Maryland

  • Customize Completely to Your Needs – Craft layouts, designs, features fitting your lifestyle.
  • Potentially Lower Long-Term Costs – Building equity through principal payments versus renting.
  • Energy Efficient & Smart Features – Install high-efficiency appliances, lighting, mechanicals lowering utility bills.
  • Exact Location You Want – Choose neighborhood, schools, commute distance to tailor.
  • Pride of Homeownership – Enjoy creating tailored space reflecting personality rather than settling for existing home flaws.
  • Latest Trends – Open concept living, smart home automation, creative storage solutions.
  • Future Resale Potential – Custom builds in desirable locations hold value very well long-term.
  • Generational Living Options – Accommodate elderly parents, adult children, multi-gen households under one roof.
  • Home Business Flexibility – Develop sections amenable to home office, workshop, studio needs.

Working With the Right Maryland Home Builder 

Here are some tips for finding the right home builder to construct your custom house in Maryland:

1. Get Referrals & Check Licensing

Always begin by seeking multiple referrals and confirm the builder’s proper state licensing. Given major costs involved, you want an experienced professional with a strong local reputation to execute your project.

2. Review Project Portfolio

Take a look through a prospective builder’s completed housing projects or model homes. Make sure the style and quality matches your own preferences as well as realistic budget.

3. Communication & Professionalism

Pay attention to how prompt, thorough, and enjoyable early discussions are with the potential builder. You’ll be interacting very frequently over the course of your home build so a positive working relationship and trust is critical.

4. Look for Track Record of On-Time, On-Budget Projects

It’s not uncommon for new builds to go over timeline or budget. Ask pointed questions of the homebuilder regarding typical timeline adherence rates, cost overruns, and change order frequency. Press for hard numbers and specific examples over vague assurances.

5. Financial Stability

Building a house is complex with many different subcontractors needing coordination. Make sure your chosen builder has been in business for 5+ years and shows no signs of financial or legal issues that could jeopardize or stall your project.

Select the right home construction partner and it will make the entire custom new build process infinitely more rewarding.

Is It Cheaper to Build a House in Maryland

Building a house in Maryland might seem tempting for customization and efficiency, but affordability leans towards buying existing. The median sale price currently sits around $415,800, while building costs average $444,160. Remember, that doesn’t include land purchase if you don’t own any. Factor in potential construction delays and cost overruns, and buying often becomes the quicker, more budget-friendly option. However, the allure of a dream home tailored to your needs and boasting modern energy efficiency remains. Carefully weigh your priorities and consult resources like cost estimators and comparisons of building vs buying in Maryland before making your final decision.

The Takeaway

Building a fully custom single-family home in Maryland costs roughly $148 per square foot with typical total expenses ranging $450,000 to $600,000 or more depending on factors like house size, location, finishes, property type and additional costs. Accelerating construction timelines also increases budgets. But starting with a solid architectural plan and experienced contractor helps contain expenses for your dream home project.

Frequently Asked Questions (FAQ)

What is the average housing cost in Maryland?

The average building cost is $294,000. The median home value in Maryland is around $395,400 as of December 2023. Home prices have increased 5.6% year-over-year across the state.

Is it cheaper to buy a house or build a house in the US?

Generally it is cheaper to buy an existing house versus building new construction in today’s market. However, building allows for exact customization.

How much does it cost to build a 1500 sq ft house in Maryland?

For a 1,500 square foot house in Maryland, total construction costs often fall between $220,500 and $450,000, averaging around $147 per square foot. So a median budget would be in the $300,000 range.

How much does it cost to build a 2000 sq ft house in Maryland?

For a typical 2000 square foot house in Maryland expect to pay between $294,000 and $600,000. Costs average around $147 per square foot.

How much does it cost to build a 3000 sq ft house in Maryland?

A 3000 square foot custom home in Maryland will likely run $441,000 to $900,000+ with higher-end luxury builds exceeding $1.5 million.

How much does it cost to build a house in Bethesda Maryland?

As a luxury area of the DC metro, expect to pay a premium for construction in Bethesda. $200+ per square foot is common.

What is the most expensive part of building a house?

Land acquisition, permitting/fees and luxury finishes like premium flooring, cabinets and baths drive the highest individual costs when building a home.

Jean Folger

Jean Folger brings over 15 years of expertise as a financial writer, specializing in areas such as real estate, investment, active trading, retirement planning, and expatriate living. She is also the co-founder of PowerZone Trading, a firm established in 2004 that offers programming, consulting, and strategy development services to active traders and investors.

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