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Featured local agent — Hagerstown, MD
Sarah Mitchell
Compass Real Estate · Hagerstown, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hagerstown, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$240,000median sale price
How is the Hagerstown, MD housing market right now?
The median home sale price in Hagerstown, MD is $240,000, down 7.5% year-over-year. Homes sell in an average of 52 days with 185 active listings. The market is currently a leaning buyer's. (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 Hagerstown a buyer's or seller's market?
Hagerstown, MD is currently a leaning buyer's, based on 4.1 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
45
Last 12 weeks
Days on market
52
Average pace
Active listings
185
4.1 months supply
Sale-to-list
98.3%
Below asking
What does the Hagerstown housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $240,000 |
| Median list price | $304,990 |
| Year-over-year price change | -7.5% |
| Average days on market | 52 days |
| Active inventory | 185 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $168/sq ft |
| Homes sold (latest month) | 45 |
| New listings (latest month) | 65 |
| Listings with a price cut | 27.6% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Hagerstown by property type?
How the Hagerstown, 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 | $302,500 | $188/sq ft | 20 | 47 days |
| Condo / Co-op | $162,000 | $141/sq ft | 4 | 35 days |
| Townhouse | $227,500 | $157/sq ft | 20 | 59 days |
Source: Redfin · Updated monthly
The Hagerstown housing market is currently classified as a leaning buyer's with a median sale price of $240,000. Prices have fallen 7.5% compared to last year, with homes spending an average of 52 days on market, indicating 4.1 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 6.2x provides context for how home values compare to local earning capacity.
Homes for sale in Hagerstown
There are currently 185 homes listed for sale in Hagerstown, Maryland. The median listing price is $305K.
Active listings
185
Homes on market
Median list price
$305K
Avg. days on market
52
Days until sale
New this week
65
Newly listed
Who lives in Hagerstown?
Population
43,490
Median income
$49,957/yr
Median age
36.4 years
Owner-occupied
43.4%
College grads
19.7%
Avg commute
25.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Hagerstown?
Zillow home value
$307,383
Zillow rent index
$1,442/mo
Price-to-rent ratio
17.8x
Price-to-income
6.2x
Source: Zillow Research
What is it like to live in Hagerstown?
Hagerstown is a community of approximately 43K residents with a median age of 36.4 years.The median household income is $49,957, which represents a working-class community with solid middle-income opportunities. 19.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 43.4%, showing a blend of owner and renter-occupied properties. The average commute time is 25.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hagerstown offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hagerstown?
23 schools tracked · 12,882 students
The largest public schools serving Hagerstown, 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.
South Hagerstown High
Grades 9-12 · 1,645 students
North Hagerstown High
Grades 9-12 · 1,558 students
Western Heights Middle
Grades 6-8 · 887 students
E. Russell Hicks Middle
Grades 6-8 · 827 students
Northern Middle
Grades 6-8 · 822 students
Pangborn Elementary
Grades PK-5 · 711 students
Salem Avenue Elementary
Grades PK-5 · 705 students
Rockland Woods Elementary
Grades PK-5 · 643 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 Hagerstown, MD?
Want a head-to-head view? Compare Hagerstown side-by-side with any other U.S. city using our market-comparison tool.
Is Hagerstown a good real estate investment market?
For investors evaluating Hagerstown, the price-to-rent ratio of 17.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.5% 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 Hagerstown's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hagerstown's median home price.
Frequently asked questions
What is the average home price in Hagerstown?
The median home sale price in Hagerstown is $240,000, down 7.5% from last year.
How long do homes stay on market in Hagerstown?
Homes typically spend 52 days on market before going under contract.
What is the median income in Hagerstown?
The median household income is $49,957 per year.
Is Hagerstown a buyer's or seller's market?
With 4.1 months of supply, Hagerstown is currently a leaning buyer's.
What is the Zillow home value estimate for Hagerstown?
The Zillow Home Value Index (ZHVI) for Hagerstown is $307,383, representing the typical home value in the area.
What is the median condo price in Hagerstown?
The median condo/co-op sale price in Hagerstown, MD is $162,000, compared to $302,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hagerstown?
The median single-family home price in Hagerstown, MD is $302,500 (about $188 per square foot).
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