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Featured local agent — Elkridge, MD
Sarah Mitchell
Compass Real Estate · Elkridge, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elkridge, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$542,000median sale price
How is the Elkridge, MD housing market right now?
The median home sale price in Elkridge, MD is $542,000, up 4.2% year-over-year. Homes sell in an average of 19 days with 51 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elkridge a buyer's or seller's market?
Elkridge, MD is currently a seller's market, based on 2.7 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
19
Fast-moving
Active listings
51
2.7 months supply
Sale-to-list
101.1%
Above asking
What does the Elkridge housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $542,000 |
| Median list price | $519,000 |
| Year-over-year price change | +4.2% |
| Average days on market | 19 days |
| Active inventory | 51 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 101.1% |
| Median price per sq ft | $244/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 39 |
| Listings with a price cut | 37.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elkridge by property type?
How the Elkridge, MD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $652,500 | $263/sq ft | 10 | 6 days |
| Condo / Co-op | $325,000 | $232/sq ft | 1 | 28 days |
| Townhouse | $541,000 | $230/sq ft | 8 | 24 days |
Source: Redfin · Updated monthly
The Elkridge housing market is currently classified as a seller's market with a median sale price of $542,000. Prices have risen 4.2% compared to last year, with homes spending an average of 19 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Elkridge
There are currently 51 homes listed for sale in Elkridge, Maryland. The median listing price is $519K.
Active listings
51
Homes on market
Median list price
$519K
Avg. days on market
19
Days until sale
New this week
39
Newly listed
Who lives in Elkridge?
Population
26,183
Median income
$135,412/yr
Median age
34.1 years
Owner-occupied
61.5%
College grads
56.7%
Avg commute
25.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Elkridge?
Zillow home value
$489,926
Zillow rent index
$2,432/mo
Price-to-rent ratio
16.8x
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Elkridge?
Elkridge is a community of approximately 26K residents with a median age of 34.1 years.The median household income is $135,412, which reflects a relatively affluent area with strong earning potential. 56.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 61.5%, showing a blend of owner and renter-occupied properties. The average commute time is 25.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elkridge offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elkridge?
6 schools tracked · 4,130 students
The largest public schools serving Elkridge, MD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Elkridge Elementary
Grades PK-5 · 810 students
Mayfield Woods Middle
Grades 6-8 · 695 students
Elkridge Landing Middle
Grades 6-8 · 681 students
Deep Run Elementary
Grades PK-5 · 677 students
Rockburn Elementary
Grades PK-5 · 672 students
Ducketts Lane Elementary
Grades PK-5 · 595 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elkridge, MD?
Want a head-to-head view? Compare Elkridge side-by-side with any other U.S. city using our market-comparison tool.
Is Elkridge a good real estate investment market?
For investors evaluating Elkridge, the price-to-rent ratio of 16.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elkridge's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elkridge's median home price.
Frequently asked questions
What is the average home price in Elkridge?
The median home sale price in Elkridge is $542,000, up 4.2% from last year.
How long do homes stay on market in Elkridge?
Homes typically spend 19 days on market before going under contract.
What is the median income in Elkridge?
The median household income is $135,412 per year.
Is Elkridge a buyer's or seller's market?
With 2.7 months of supply, Elkridge is currently a seller's market.
What is the Zillow home value estimate for Elkridge?
The Zillow Home Value Index (ZHVI) for Elkridge is $489,926, representing the typical home value in the area.
What is the median condo price in Elkridge?
The median condo/co-op sale price in Elkridge, MD is $325,000, compared to $652,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elkridge?
The median single-family home price in Elkridge, MD is $652,500 (about $263 per square foot).
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