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Featured local agent — Savage, MD
Sarah Mitchell
Compass Real Estate · Savage, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Savage, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$415,000median sale price
How is the Savage, MD housing market right now?
The median home sale price in Savage, MD is $415,000, down 10.8% year-over-year. Homes sell in an average of 9 days with 7 active listings. The market is currently a strong 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 Savage a buyer's or seller's market?
Savage, MD is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
9
Fast-moving
Active listings
7
1.0 months supply
Sale-to-list
98.5%
Below asking
What does the Savage housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $415,000 |
| Median list price | $549,990 |
| Year-over-year price change | -10.8% |
| Average days on market | 9 days |
| Active inventory | 7 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 98.5% |
| Median price per sq ft | $259/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 6 |
| Listings with a price cut | 42.9% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Savage by property type?
How the Savage, 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 | $515,000 | $361/sq ft | 3 | 9 days |
| Townhouse | $377,500 | $247/sq ft | 4 | 9 days |
Source: Redfin · Updated monthly
The Savage housing market is currently classified as a strong seller's market with a median sale price of $415,000. Prices have fallen 10.8% compared to last year, with homes spending an average of 9 days on market, indicating 1.0 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 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Savage
There are currently 7 homes listed for sale in Savage, Maryland. The median listing price is $550K.
Active listings
7
Homes on market
Median list price
$550K
Avg. days on market
9
Days until sale
New this week
6
Newly listed
Who lives in Savage?
Population
8,284
Median income
$117,353/yr
Median age
36.6 years
Owner-occupied
62.0%
College grads
52.0%
Avg commute
23.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Savage?
Zillow home value
$596,252
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Savage?
Savage is a community of approximately 8K residents with a median age of 36.6 years.The median household income is $117,353, which reflects a relatively affluent area with strong earning potential. 52.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.0%, showing a blend of owner and renter-occupied properties. The average commute time is 23.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Savage offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Savage, MD?
Want a head-to-head view? Compare Savage side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Savage?
The median home sale price in Savage is $415,000, down 10.8% from last year.
How long do homes stay on market in Savage?
Homes typically spend 9 days on market before going under contract.
What is the median income in Savage?
The median household income is $117,353 per year.
Is Savage a buyer's or seller's market?
With 1.0 months of supply, Savage is currently a strong seller's market.
What is the Zillow home value estimate for Savage?
The Zillow Home Value Index (ZHVI) for Savage is $596,252, representing the typical home value in the area.
How much does a single-family home cost in Savage?
The median single-family home price in Savage, MD is $515,000 (about $361 per square foot).
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