Maryland Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

October 1st, 2021
Updated October 1st, 2021

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Maryland real estate trends

Real estate trends in Maryland | Sellers | Buyers | Investors | The best and worst of Maryland | Maryland resources

Maryland real estate trends (October 2021)

How is the real estate market in Maryland?
🏠 Average home value: $370,289
📈 1.19% home value increase month over month
💰 Median sale price: $366,000
⏳ 40 days on the market
🔑 Homes on the market: 9,964
📆 0.7 months of housing inventory
🏦 30-year mortgage rate: 2.92%
💵 Average income: 57918
State of the market: B
Home values and listing prices are nearly identical in Maryland, which could indicate that sellers aren't confident where the market’s going in the next few months. However, the minuscule amount of inventory should prop up demand for the near future.
*Data last updated October 2021

Maryland is a small, coastal mid-Atlantic state — but residents know its unique culture has a lot to offer.

Boating, watersports, and crab feasts with plenty of Old Bay seasoning are all quintessential aspects of life in Maryland. The state's biggest city, Baltimore, is home to Brewer's Hill, an important setting for beer history including the origin of National Bohemian and the current home of Guinness's only stateside brewery.

Beyond Baltimore, Maryland's biggest cities encompass Ocean City's lively Boardwalk, Frederick's historic C&O Canal, Bethesda's posh neighborhoods, and more.

If you're thinking of buying or selling in Maryland, these Maryland housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Maryland

Maryland real estate market forecast for sellers
⏰ Homes are selling 3 days faster than the annual average
💰 Homes are selling for $12,137 more than the annual average
💸 Average listing commission: 2.55%
💸 Average buyer's commission: 2.52%

How to sell a home in Maryland

Cost to sell a home in Maryland

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just $3,000 or 1%. On average, Clever sellers save $9,000 on commission!

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Buying a home in Maryland

How much home you can buy with $300,000 in...
🏠 Baltimore: 1,604 sq ft
🏡 Hagerstown: 1,975 sq ft
🏡 Salisbury: 1,423 sq ft
🏠 California: 1,695 sq ft

Investing in Maryland real estate

Best of Maryland

Each month, we compare cities in Maryland based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Maryland
1. Cumberland
2. Hagerstown-Martinsburg
3. California-Lexington Park

Ready to buy a home in Maryland? Eligible buyers get cash back with Clever!

Worst of Maryland

Each month, we compare cities in Maryland based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Maryland
1. Annapolis
2. Salisbury
3. Baltimore-Columbia-Towson

Maryland resources

👋 Next Steps: Talk to an expert!

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Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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