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Sarah Mitchell
Compass Real Estate · Maryland
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Maryland housing market
Maryland housing market summary
The typical home in Maryland is worth $428,308, up 0.0% over the past year. Homes that actually closed went for a median of $477,300 after 34 days on market. On supply, pricing discipline, and speed of sale, Maryland currently reads as a seller's market at 2.8 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $2,287 a month in principal and interest with 20.0% down.
Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026
Maryland housing market at a glance
Every tile carries the provider and the month it was published
Typical home value
$428,308
+0.0% YoY · Zillow, August 2026
Median sale price
$477,300
Redfin, through May 2026
Typical asking rent
$1,936/mo
Median of 81 cities · Zillow, August 2026
30-yr fixed rate
7.03%
Freddie Mac via FRED, September 2026
Monthly P&I
$2,287
20.0% down, 30-yr fixed
Days on market
34
+5 days YoY
Active listings
16,705
+8.2% YoY
Median household income
$101,652
U.S. Census ACS, 2023
Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
Where Maryland home prices are heading
Maryland's typical home value is $428,308, up 0.0% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are at or within a rounding error of their two-year high.
Against the national picture, Maryland runs 16.2% above the U.S. typical home value of $368,697, and its 12-month move of +0.0% is trailing the national pace of +1.2%.
What would have to change for Maryland prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Maryland is carrying 2.8 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are +8.2% year over year and new listings -0.9%, which is close to flat. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.
Market trends
Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What it costs to buy in Maryland at today's rate
Down payment
$85,662
20.0% of value
Loan amount
$342,646
30-yr fixed
Monthly P&I
$2,287
at 7.03%
Income needed
$98,014
28.0% front-end ratio
A buyer purchasing the typical Maryland home at $428,308 puts $85,662 down, finances $342,646, and pays $2,287 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.
Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $98,014. Maryland's median household earns $101,652 (Census ACS 2023) — a gap of $3,638 below what the median household brings in. Put differently, the median household would spend 27.0% of gross income on principal and interest alone — inside the ratio most lenders underwrite to.
The value-to-income ratio in Maryland is 4.2x. Between roughly 3.5x and 5x, prices are ahead of local earnings but still within reach for higher-earning households. Model your own numbers in the affordability calculator or the mortgage calculator.
Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023
Buying in Maryland in the next 12 months?
Tell us your timeline. We send the Maryland market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.
Rent or buy in Maryland?
Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 81 largest Maryland cities that carry it: $1,936 a month. Set against a typical home value of $428,308, that is a price-to-rent ratio of 18.4x.
Between 15x and 20x the two options are close enough that the tiebreaker is how long you stay, not the ratio itself. Principal and interest on the typical home runs $351 more per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.
For a second read on the same question, the Census ACS puts median gross rent across all Maryland households — every unit type, not just what is currently listed — at $1,662 a month (2023), with 67.5% of Maryland households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.
Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.
Supply: what is on the market in Maryland
| Measure | Latest | Year earlier | Change |
|---|---|---|---|
| Active listings | 16,705 | 15,438 | +8.2% |
| New listings | 8,830 | 8,910 | -0.9% |
| Homes sold | 5,978 | 6,314 | -5.3% |
| Months of supply | 2.8 | 2.4 | +0.4 |
| Sale-to-list ratio | 100.2% | 100.7% | Above asking |
What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.
Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.
Where Maryland home values are moving fastest
12-month change in typical home value · Zillow, August 2026
Rising fastest
- 1.Cumberland+2.7%
- 2.Lexington Park+2.0%
- 3.California+1.9%
- 4.Langley Park+1.3%
- 5.Elkton+1.3%
- 6.Severna Park+0.8%
- 7.Annapolis+0.8%
- 8.Fallston+0.7%
Falling
- 1.Baltimore-4.4%
- 2.Hyattsville-4.2%
- 3.Greenbelt-4.1%
- 4.Takoma Park-3.9%
- 5.Germantown-3.8%
- 6.Montgomery Village-3.8%
- 7.Chevy Chase-3.7%
- 8.Bethesda-3.6%
Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 150 largest Maryland cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.
The most and least expensive cities in Maryland
Typical home value across the 150 largest cities · Zillow, August 2026
Most expensive
- 1.Potomac$1.35M
- 2.Chevy Chase$1.21M
- 3.Bethesda$1.12M
- 4.North Potomac$882,572
- 5.Severna Park$751,155
- 6.Ellicott City$735,463
- 7.Takoma Park$674,379
- 8.Olney$658,878
- 9.Glenn Dale$638,379
- 10.Mount Airy$634,544
Most affordable
- 1.Cumberland$158,708
- 2.Baltimore$186,741
- 3.Dundalk$221,991
- 4.Cambridge$261,624
- 5.Edgewood$264,443
- 6.Greenbelt$278,763
- 7.Parkville$281,985
- 8.Halfway$286,669
- 9.Essex$291,957
- 10.Rossville$296,318
The spread between Potomac and Cumberland is 8.5x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Bel Air South was the quickest of these markets to clear at 6 days on market (Redfin, through May 2026).
How Maryland compares
| Market | Typical value | 12-mo change | Median income | Value / income |
|---|---|---|---|---|
| Maryland | $428,308 | +0.0% | $101,652 | 4.2x |
| United States | $368,697 | +1.2% | — | — |
| Virginia | $414,662 | +2.2% | $90,974 | 4.6x |
| Pennsylvania | $290,401 | +2.4% | $76,081 | 3.8x |
| Delaware | $406,074 | +1.3% | $82,855 | 4.9x |
The three states above are Maryland's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. Virginia and Pennsylvania and Delaware carry lower typical home value than Maryland, which is what makes them the usual destination for equity-funded moves out of Maryland.
Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.
Maryland housing markets by city
497 cities tracked — the 60 largest by population shown
Baltimore
$186,741
Columbia
$507,609
Germantown
$416,884
Waldorf
$431,875
Silver Spring
$542,238
Frederick
$459,795
Ellicott City
$735,463
Glen Burnie
$395,060
Gaithersburg
$517,488
Bethesda
$1.12M
Rockville
$608,002
Dundalk
$221,991
Severn
$517,542
Bowie
$520,578
Bel Air South
Pop. 58K
Towson
$474,404
Aspen Hill
Pop. 54K
Wheaton
Pop. 52K
North Bethesda
Pop. 49K
Potomac
$1.35M
Odenton
$470,623
Hagerstown
$300,805
Catonsville
$419,243
Annapolis
$624,635
Essex
$291,957
Severna Park
$751,155
Clinton
$438,585
Olney
$658,878
Randallstown
$371,186
Owings Mills
$398,480
Chillum
$398,866
College Park
$433,425
Pikesville
$431,308
Montgomery Village
$384,788
Pasadena
$456,123
Milford Mill
Pop. 32K
Middle River
$335,100
Bel Air North
Pop. 32K
Eldersburg
Pop. 31K
Parkville
$281,985
Crofton
$493,295
Laurel
$473,181
Clarksburg
$625,322
Perry Hall
$428,057
Carney
$343,493
Reisterstown
$414,275
South Laurel
Pop. 28K
Lochearn
$313,741
Ilchester
Pop. 28K
Elkridge
$481,354
Fairland
Pop. 26K
Ballenger Creek
Pop. 26K
Fort Washington
$448,668
North Laurel
Pop. 25K
Edgewood
$264,443
Suitland
Pop. 25K
Greenbelt
$278,763
Landover
Pop. 25K
North Potomac
$882,572
Arnold
$601,036
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What to do next in Maryland
If you are buying
- Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Maryland home is $2,287/mo in P&I today.
- Pick the city, not the state. Values across Maryland run from $158,708 in Cumberland to $1.35M in Potomac.
- Put two finalists head to head in the city comparison tool before you tour anything.
- Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.
If you are selling
- Price against your city, not the statewide figure — the spread between Maryland markets is wider than the year-over-year move in any of them.
- Read the supply table above. At 2.8 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
- Watch days on market in your city, not the state. The statewide median was 34 days (Redfin, through May 2026); your city page carries its own.
- Time the listing against new-listing volume. New listings are -0.9% year over year — less competition than a year ago.
Maryland housing market questions
What is the typical home value in Maryland?
The typical home value in Maryland is $428,308 (Zillow, August 2026). That is a +0.0% change over the past 12 months. The median price of homes that actually sold was $477,300 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.
Are Maryland home prices going up or down?
Maryland home values are up 0.0% year over year (Zillow, August 2026). Values are at or near their highest reading in the past two years.
How much income do you need to buy a home in Maryland?
At the current 30-year fixed rate of 7.03%, a $428,308 home with 20.0% down carries roughly $2,287 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $98,014 before taxes, insurance, HOA dues, or mortgage insurance are added. Maryland's median household income is $101,652 (Census ACS, 2023), a gap of $3,638 below the median household. These figures are illustrative, not a quote or a pre-approval.
Is it cheaper to rent or buy in Maryland?
Typical asking rent across the largest Maryland cities Zillow publishes rent data for is $1,936 a month (median of 81 cities, Zillow, August 2026). Against a typical home value of $428,308, that is a price-to-rent ratio of 18.4x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $351 more than that typical rent each month, before taxes, insurance, and maintenance.
Which Maryland cities are the most affordable?
Among the largest cities we track in Maryland, the lowest typical home values are in Cumberland ($158,708), Baltimore ($186,741), Dundalk ($221,991), Cambridge ($261,624), Edgewood ($264,443). Values are Zillow's typical-home-value index for August 2026.
Which Maryland cities are the most expensive?
The highest typical home values among the largest Maryland cities are in Potomac ($1.35M), Chevy Chase ($1.21M), Bethesda ($1.12M), North Potomac ($882,572), Severna Park ($751,155). Price per square foot, inventory, and days on market for each are on the individual city pages.
Which Maryland cities are appreciating the fastest?
Over the past 12 months the largest home-value gains among Maryland cities we track were in Cumberland (+2.7%), Lexington Park (+2.0%), California (+1.9%), Langley Park (+1.3%), Elkton (+1.3%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.
How long do homes take to sell in Maryland?
Homes in Maryland spent a median of 34 days on market in the last month Redfin published (Redfin, through May 2026). That is 5 days slower than the same month a year earlier. The quickest market among the state's largest cities was Bel Air South at 6 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
How does Maryland compare to neighboring states?
Maryland's typical home value of $428,308 compares with Virginia at $414,662, Pennsylvania at $290,401, Delaware at $406,074. The U.S. typical home value is $368,697, putting Maryland 16.2% above the national figure. Virginia and Pennsylvania and Delaware are cheaper on a typical-value basis.
Is now a good time to buy in Maryland?
That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 2.8 months of supply statewide (Redfin, through May 2026), active listings +8.2% year over year, and home values +0.0% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.
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Keep researching Maryland
City-vs-city in Maryland
Studies & tools
How we built these numbers
Neighboring state markets
- Virginia housing market — $414,662 typical value
- Pennsylvania housing market — $290,401 typical value
- Delaware housing market — $406,074 typical value
Get the Maryland market brief
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