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Featured local agent — Lake Arbor, MD
Sarah Mitchell
Compass Real Estate · Lake Arbor, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Arbor, MD Housing Market
The typical home in Lake Arbor, MD is worth $415,753, fell 2.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $422,500, +7.9% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 56 days, Lake Arbor is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $415,753 home is about $2,220/mo in principal and interest.
Key numbers for Lake Arbor, MD
Typical home value
$415,753
-2.4% in 12 months
Zillow, August 2026
Typical asking rent
$2,201/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$422,500
+7.9% year over year
Redfin, through May 2026
Days on market
56
Average pace
Redfin, through May 2026
Active listings
40
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
Median household income
$128,616
Home costs 3.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
104.6%
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 Lake Arbor a buyer's or seller's market?
Lake Arbor, MD is a balanced market, based on 4.0 months of supply and homes selling in about 56 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 Lake Arbor housing market data show?
Every row below is Redfin's final published month for Lake Arbor, MD. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $422,500 |
| Median list price | $380,000 |
| Year-over-year price change | +7.9% |
| Median price per sq ft | $280/sq ft |
| Median days on market | 56 days |
| Active inventory | 40 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 104.6% |
| Homes sold (that month) | 10 |
| New listings (that month) | 15 |
| Listings with a price cut | 20.0% |
| 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 Lake Arbor is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lake Arbor 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 Lake Arbor home prices moved?
Over the last three years the median sale price in Lake Arbor, MD rose 39.9%, from $302,000 to $422,500. The live Zillow value series has fell 2.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. 20.0% of Lake Arbor 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 104.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lake Arbor?
Priced off the typical home value of $415,753 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% | $83,151 | $332,602 | $2,220/mo |
| 5% | $20,788 | $394,965 | $2,636/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 $2,220, that implies roughly $95,122 a year before you add taxes and insurance. The median household in Lake Arbor earns $128,616, about $33,494 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.2x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lake Arbor in the next 12 months?
Tell us your timeline. We send the Lake Arbor 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 Lake Arbor?
Typical asking rent in Lake Arbor, MD is $2,201/mo, against a typical home value of $415,753. That is a price-to-rent ratio of 15.7x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,220 a month — $18 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Lake Arbor?
Active listings in Lake Arbor, MD went from 29 in May 2025 to 40 in May 2026, a +37.9% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 38 | 19 |
| July 2025 | 36 | 13 |
| August 2025 | 40 | 15 |
| September 2025 | 39 | 18 |
| October 2025 | 38 | 15 |
| November 2025 | 30 | 6 |
| December 2025 | 27 | 9 |
| January 2026 | 26 | 8 |
| February 2026 | 28 | 10 |
| March 2026 | 30 | 15 |
| April 2026 | 38 | 20 |
| May 2026 | 40 | 15 |
Redfin, through May 2026
How does Lake Arbor compare to Maryland and the U.S.?
Lake Arbor homes sell for $422,500 — 11% below the Maryland median of $477,300. Against the national median of $410,700, Lake Arbor runs 3% higher. Year-over-year, Lake Arbor moved +7.9% against Maryland's +5.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lake Arbor, MD | $422,500 | +7.9% | 56 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 Lake Arbor
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 20.0%. 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 $416 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 $415,753 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 Lake Arbor listing goes under contract in 56 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 104.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Lake Arbor added 15 new listings against 10 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -2.4% 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 Lake Arbor varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lake Arbor
There are currently 40 homes listed for sale in Lake Arbor, Maryland. The median listing price is $380K.
Active listings
40
Homes on market
Median list price
$380K
Avg. days on market
56
Days until sale
New this week
15
Newly listed
How much do homes cost in Lake Arbor by property type?
How the Lake Arbor, 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 | $625,000 | $194/sq ft | 2 | 35 days |
| Condo / co-op | $268,000 | $278/sq ft | 1 | 112 days |
| Townhouse | $420,000 | $288/sq ft | 7 | 49 days |
Who lives in Lake Arbor?
American Community Survey estimates for Lake Arbor. U.S. Census ACS, 2023
Population
14,932
Households
6,477
Median income
$128,616/yr
Median age
43.7 years
Owner-occupied
64.8%
Median home value
$457,800
Median gross rent
$2,293/mo
Mean commute
39.3 min
64.8% of occupied homes in Lake Arbor are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $457,800 against Zillow's $415,753 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $2,293/mo, below Zillow's $2,201/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which cities are near Lake Arbor, MD?
Ordered by distance from Lake Arbor, not by size. Compare Lake Arbor side by side with any of them.
Lake Arbor housing market FAQ
Is Lake Arbor a buyer's or seller's market?
Lake Arbor, MD is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 56 days, and sellers getting 104.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lake Arbor?
The typical home in Lake Arbor, MD is worth $415,753 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $422,500, about $280 per square foot.
Is Lake Arbor cheaper than the rest of Maryland?
Lake Arbor's median sale price of $422,500 is 11% lower than the Maryland statewide median of $477,300, and 3% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lake Arbor?
Homes in Lake Arbor, MD spent a median of 56 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 Lake Arbor?
At the current 30-year fixed rate of 7.03%, 20% down on a $415,753 home is about $2,220 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $95,122 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $128,616.
Are home prices rising in Lake Arbor?
The typical home value in Lake Arbor, MD fell 2.4% over the last 12 months, from $425,799 to $415,753 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lake Arbor?
Lake Arbor 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 Lake Arbor?
That depends on your timeline, not on a headline. What the data says today: Lake Arbor, MD is a balanced market with 4.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 15.7x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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