Housing Market in Maryland
Maryland's housing market runs genuinely above national cost figures statewide -- a real median sale price of $463,449 (Redfin, June 2026) -- but blends the DC suburbs' and Bay-waterfront markets' substantially higher costs against genuinely more affordable Baltimore City, Eastern Shore, and Western Maryland markets, with modest, continuing statewide price growth.
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Learn moreA real, statewide cost premium -- with modest, continued growth
Maryland's statewide housing costs run genuinely above comparable national figures on every measure reviewed this pass: Redfin's statewide median sale price ($463,449, June 2026) is up 3.0% year-over-year, and Zillow's statewide average home value ($434,033, 2026) is up 0.1% year-over-year -- both continuing to rise, if only modestly. Home sales themselves were up a real 2.0% year-over-year in June 2026 (5,738 sold versus 5,624 a year prior).
A still-competitive but slightly cooling seller's market
Median days on market rose modestly to 44 days (up 3 days year-over-year), and 32.8% of Maryland homes sold above list price in the period reviewed -- down 0.4 percentage points year-over-year. This is a real, still-competitive market, not a dramatic cooldown, but a genuine, disclosed softening worth factoring into an offer strategy.
The DC suburbs and Bay-waterfront markets sit well above the statewide figure
Montgomery and Prince George's Counties (Silver Spring, Bethesda, Rockville, Potomac, Gaithersburg) carry the state's highest home values, driven by federal-employment-and-biotech-era affluence and DC-commute proximity -- alongside the region's real current exposure to 2025-2026 federal-workforce downsizing. Chesapeake Bay-waterfront markets carry a genuine premium of their own tied to water access and Ocean City's seasonal tourism draw.
Baltimore City, the Eastern Shore, and Western Maryland run genuinely more affordably
Baltimore City itself, much of the Eastern Shore's inland and non-waterfront markets, and Western Maryland's Appalachian-adjacent Cumberland and Hagerstown markets run meaningfully below the statewide figure -- real, distinct entry points for buyers priced out of the DC suburbs. Confirm your specific target market's current pricing directly rather than budgeting against the statewide average alone.
Key takeaways
- Maryland's statewide median sale price ($463,449, June 2026) and average home value ($434,033) both run above comparable national figures, with modest continued growth (0.1%-3.0% year-over-year).
- The market is still competitive but slightly cooling: 32.8% of homes sold above list price, down 0.4 points year-over-year, with days on market up modestly to 44.
- The DC suburbs and Chesapeake Bay-waterfront markets carry the state's highest home values.
- Baltimore City, much of the Eastern Shore, and Western Maryland run genuinely more affordably than the statewide average -- confirm your specific target market directly.
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