Maryland Real Estate Trends - A New Way to Look at Maryland Realty

Maryland Real Estate

The robust Maryland real estate market caters to investors, home buyers and renters alike with its wide variety of price points and property types. Urbanites need look no further than Baltimore homes for sale to find the downtown living and city nightlife that they crave.

Buyers seeking a suburban or rural lifestyle will be pleased to know that the Maryland real estate market encompasses both unique and traditional housing choices. Maryland is still considered a traditional “buyer’s market” as the average condo is generally on the market for 170 days and single family homes 204 days before sale.

The Baltimore real estate market significantly prefers stand alone houses to condominiums or townhouses. The average condo sells for $187,000 and is on the market for 207 days while single family homes cost $152,000 and generally find a buyer in 183 days. The city’s charm combined with the wealth of inventory makes the Baltimore real estate market an excellent choice for all kinds of local and out-of-state shoppers. Here’s a look at current prices in the city.

Average listing price for properties in Baltimore:
  • Commercial: $452,000
  • Condo/Townhouse: $137,000
  • Lot/Land: $135,000
  • Mobile/Manufactured: $85,000
  • Multi-Family: $219,000
  • Single Family: $210,000
  • Map of Maryland Cities - Average Listing Price Change

    Maryland Real Estate:
    Largest Increase in Listing Price

    City 3 mo.
    Ocean City, MD Real Estate
    11.80%
    Cambridge, MD Real Estate
    11.16%
    Mechanicsville, MD Real Estate
    5.77%
    Bethesda, MD Real Estate
    4.82%
    Edgewater, MD Real Estate
    4.50%

    Maryland Real Estate:
    Largest Decrease in Listing Price

    City 3 mo.
    Upper Marlboro, MD Real Estate
    6.30%
    Gaithersburg, MD Real Estate
    6.00%
    Bowie, MD Real Estate
    4.97%
    Lexington Park, MD Real Estate
    4.43%
    Ellicott City, MD Real Estate
    4.33%

    Maryland Homes For Sale By City

    Most Expensive Maryland Homes for Sale by City

    City Median $ 3 mo.
    Potomac, MD Homes for Sale $1,798,332
    1.27%
    Bethesda, MD Homes for Sale $1,568,399
    4.82%
    Annapolis, MD Homes for Sale $892,149
    1.27%
    Rockville, MD Homes for Sale $781,380
    1.24%
    Easton, MD Homes for Sale $753,166
    0.24%

    Least Expensive Maryland Homes for Sale by City

    City Median $ 3 mo.
    Cumberland, MD Homes for Sale $129,765
    0.86%
    Frostburg, MD Homes for Sale $155,978
    0.30%
    Salisbury, MD Homes for Sale $211,123
    0.45%
    Hagerstown, MD Homes for Sale $239,443
    2.89%
    Baltimore, MD Homes for Sale $256,916
    3.89%

    Best Maryland Cities for Families and Singles

    Top 5 Maryland Cities for Families

    City Homes with
    Children
    Crime vs. Natl. Avg.
    Clarksburg, MD Local Info 53.00% 0.97
    Damascus, MD Local Info 52.00% 0.49
    North Potomac, MD Local Info 52.00% 0.57
    East Riverdale, MD Local Info 52.00% 1.39
    Saint Charles, MD Local Info 48.00% 0.54

    Top 5 Maryland Cities for Singles

    City Unmarried Female
    to Male
    Langley Park, MD Local Info 91.00% 40% / 60%
    College Park, MD Local Info 90.00% 47% / 53%
    Adelphi, MD Local Info 85.00% 49% / 51%
    Chillum, MD Local Info 84.00% 50% / 50%
    Baltimore, MD Local Info 82.00% 53% / 47%
    Methodology

    Largest Increase in Listing Price Methodology

    This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

    Largest Decrease in Listing Price Methodology

    This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

    Most Expensive Homes for Sale by City Methodology

    This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

    Least Expensive Homes for Sale by City Methodology

    This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

    Top 5 Cities for Families Methodology

    This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

    Top 5 Cities for Singles Methodology

    This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.