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Featured local agent — Essex, MD
Sarah Mitchell
Compass Real Estate · Essex, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Essex, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$275,000median sale price
How is the Essex, MD housing market right now?
The median home sale price in Essex, MD is $275,000, down 15.4% year-over-year. Homes sell in an average of 36 days with 79 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 Essex a buyer's or seller's market?
Essex, MD is currently a seller's market, based on 2.7 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
29
Last 12 weeks
Days on market
36
Average pace
Active listings
79
2.7 months supply
Sale-to-list
97.9%
Below asking
What does the Essex housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $275,000 |
| Median list price | $274,900 |
| Year-over-year price change | -15.4% |
| Average days on market | 36 days |
| Active inventory | 79 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 97.9% |
| Median price per sq ft | $191/sq ft |
| Homes sold (latest month) | 29 |
| New listings (latest month) | 39 |
| Listings with a price cut | 38.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Essex by property type?
How the Essex, 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 | $308,750 | $198/sq ft | 16 | 44 days |
| Condo / Co-op | $220,850 | $178/sq ft | 2 | 48 days |
| Townhouse | $222,500 | $177/sq ft | 12 | 35 days |
Source: Redfin · Updated monthly
The Essex housing market is currently classified as a seller's market with a median sale price of $275,000. Prices have fallen 15.4% compared to last year, with homes spending an average of 36 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 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Essex
There are currently 79 homes listed for sale in Essex, Maryland. The median listing price is $275K.
Active listings
79
Homes on market
Median list price
$275K
Avg. days on market
36
Days until sale
New this week
39
Newly listed
Who lives in Essex?
Population
40,670
Median income
$67,082/yr
Median age
40.9 years
Owner-occupied
57.6%
College grads
19.0%
Avg commute
30.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Essex?
Zillow home value
$297,674
Zillow rent index
$1,352/mo
Price-to-rent ratio
18.3x
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Essex?
Essex is a community of approximately 41K residents with a median age of 40.9 years.The median household income is $67,082, which represents a working-class community with solid middle-income opportunities. 19.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.6%, showing a blend of owner and renter-occupied properties. The average commute time is 30.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Essex offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Essex, MD?
Want a head-to-head view? Compare Essex side-by-side with any other U.S. city using our market-comparison tool.
Is Essex a good real estate investment market?
For investors evaluating Essex, the price-to-rent ratio of 18.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 15.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Essex's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Essex's median home price.
Frequently asked questions
What is the average home price in Essex?
The median home sale price in Essex is $275,000, down 15.4% from last year.
How long do homes stay on market in Essex?
Homes typically spend 36 days on market before going under contract.
What is the median income in Essex?
The median household income is $67,082 per year.
Is Essex a buyer's or seller's market?
With 2.7 months of supply, Essex is currently a seller's market.
What is the Zillow home value estimate for Essex?
The Zillow Home Value Index (ZHVI) for Essex is $297,674, representing the typical home value in the area.
What is the median condo price in Essex?
The median condo/co-op sale price in Essex, MD is $220,850, compared to $308,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Essex?
The median single-family home price in Essex, MD is $308,750 (about $198 per square foot).
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