Brokers — List your Company Here
Featured local agent — Carmody Hills-Pepper Mill Village, MD
Sarah Mitchell
Compass Real Estate · Carmody Hills-Pepper Mill Village, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Carmody Hills-Pepper Mill Village, MD Housing Market
The typical home in Carmody Hills-Pepper Mill Village, MD is worth $352,609, fell 1.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $400,000, +20.3% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 34 days, Carmody Hills-Pepper Mill Village is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $352,609 home is about $1,882/mo in principal and interest.
Key numbers for Carmody Hills-Pepper Mill Village, MD
Typical home value
$352,609
-1.1% in 12 months
Zillow, August 2026
Median sale price
$400,000
+20.3% year over year
Redfin, through May 2026
Days on market
34
Average pace
Redfin, through May 2026
Active listings
12
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
100.8%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Carmody Hills-Pepper Mill Village a buyer's or seller's market?
Carmody Hills-Pepper Mill Village, MD is a balanced market, based on 4.0 months of supply and homes selling in about 34 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Carmody Hills-Pepper Mill Village housing market data show?
Every row below is Redfin's final published month for Carmody Hills-Pepper Mill Village, MD. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Median list price | $290,000 |
| Year-over-year price change | +20.3% |
| Median price per sq ft | $284/sq ft |
| Median days on market | 34 days |
| Active inventory | 12 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 100.8% |
| Homes sold (that month) | 3 |
| New listings (that month) | 3 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Carmody Hills-Pepper Mill Village is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Carmody Hills-Pepper Mill Village is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Carmody Hills-Pepper Mill Village home prices moved?
Over the last three years the median sale price in Carmody Hills-Pepper Mill Village, MD rose 23.1%, from $325,000 to $400,000. The live Zillow value series has fell 1.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.0% of Carmody Hills-Pepper Mill Village listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 100.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Carmody Hills-Pepper Mill Village market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Carmody Hills-Pepper Mill Village?
Priced off the typical home value of $352,609 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $70,522 | $282,087 | $1,882/mo |
| 5% | $17,630 | $334,979 | $2,235/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,882, that implies roughly $80,675 a year before you add taxes and insurance. We do not hold a Census income figure for Carmody Hills-Pepper Mill Village, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Carmody Hills-Pepper Mill Village in the next 12 months?
Tell us your timeline. We send the Carmody Hills-Pepper Mill Village market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Carmody Hills-Pepper Mill Village?
Zillow does not publish a rent index (ZORI) for Carmody Hills-Pepper Mill Village, MD, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Carmody Hills-Pepper Mill Village?
Active listings in Carmody Hills-Pepper Mill Village, MD went from 11 in May 2025 to 12 in May 2026, a +9.1% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 14 | 8 |
| July 2025 | 15 | 8 |
| August 2025 | 11 | 3 |
| September 2025 | 9 | 1 |
| October 2025 | 11 | 5 |
| November 2025 | 12 | 4 |
| December 2025 | 15 | 8 |
| January 2026 | 13 | not published |
| February 2026 | 12 | 4 |
| March 2026 | 12 | 5 |
| April 2026 | 12 | 7 |
| May 2026 | 12 | 3 |
Redfin, through May 2026
How does Carmody Hills-Pepper Mill Village compare to Maryland and the U.S.?
Carmody Hills-Pepper Mill Village homes sell for $400,000 — 16% below the Maryland median of $477,300. Against the national median of $410,700, Carmody Hills-Pepper Mill Village runs 3% lower. Year-over-year, Carmody Hills-Pepper Mill Village moved +20.3% against Maryland's +5.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Carmody Hills-Pepper Mill Village, MD | $400,000 | +20.3% | 34 days |
| Maryland statewide | $477,300 | +5.5% | 34 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Carmody Hills-Pepper Mill Village
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $353 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $352,609 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Carmody Hills-Pepper Mill Village listing goes under contract in 34 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.8% of asking. Price at the number you want and let competition do the rest.
- In the last published month Carmody Hills-Pepper Mill Village added 3 new listings against 3 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -1.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Carmody Hills-Pepper Mill Village varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Carmody Hills-Pepper Mill Village
There are currently 12 homes listed for sale in Carmody Hills-Pepper Mill Village, Maryland. The median listing price is $290K.
Active listings
12
Homes on market
Median list price
$290K
Avg. days on market
34
Days until sale
New this week
3
Newly listed
How much do homes cost in Carmody Hills-Pepper Mill Village by property type?
How the Carmody Hills-Pepper Mill Village, MD market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $400,000 | $284/sq ft | 3 | 34 days |
| Townhouse | $417,500 | $249/sq ft | 1 | 172 days |
Which cities are near Carmody Hills-Pepper Mill Village, MD?
Ordered by distance from Carmody Hills-Pepper Mill Village, not by size. Compare Carmody Hills-Pepper Mill Village side by side with any of them.
Carmody Hills-Pepper Mill Village housing market FAQ
Is Carmody Hills-Pepper Mill Village a buyer's or seller's market?
Carmody Hills-Pepper Mill Village, MD is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 34 days, and sellers getting 100.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Carmody Hills-Pepper Mill Village?
The typical home in Carmody Hills-Pepper Mill Village, MD is worth $352,609 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $400,000, about $284 per square foot.
Is Carmody Hills-Pepper Mill Village cheaper than the rest of Maryland?
Carmody Hills-Pepper Mill Village's median sale price of $400,000 is 16% lower than the Maryland statewide median of $477,300, and 3% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Carmody Hills-Pepper Mill Village?
Homes in Carmody Hills-Pepper Mill Village, MD spent a median of 34 days on market before going under contract, versus 34 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Carmody Hills-Pepper Mill Village?
At the current 30-year fixed rate of 7.03%, 20% down on a $352,609 home is about $1,882 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $80,675 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Carmody Hills-Pepper Mill Village?
The typical home value in Carmody Hills-Pepper Mill Village, MD fell 1.1% over the last 12 months, from $356,400 to $352,609 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Carmody Hills-Pepper Mill Village?
Carmody Hills-Pepper Mill Village ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Carmody Hills-Pepper Mill Village?
That depends on your timeline, not on a headline. What the data says today: Carmody Hills-Pepper Mill Village, MD is a balanced market with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Carmody Hills-Pepper Mill Village, MD
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Carmody Hills-Pepper Mill Village
Nearby markets
Get the Carmody Hills-Pepper Mill Village market brief
Get the Carmody Hills-Pepper Mill Village, MD market brief
One email: what homes are actually clearing at around $352,609, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.