Prince George's County, Maryland
June 2025 Market Watch
Prince George's County Home Market:
Home Sales Contracts Jump 6.7%
as Mortgage Rates and Prices Stabilize
Landover, MD, July 2025 - As summer begins, Prince George's County is experiencing a notable upswing in its housing market. The Prince George's County Association of REALTORS® (PGCAR) reports home sales rose by 6.7% month-over-month in June, boosting the county's total sales volume to $339.8 million. Despite ongoing national economic uncertainty, rising inventory and strong demand continue to fuel the local market. Compared to June 2024, Closed Sales were up 1.1%, with a 2.8% increase in Total Sales Volume. Home prices held steady month-over-month, further building on healthy year-over-year appreciation.
Prince George's County continues to outperform national and regional home market trends. With a lower-than-national unemployment rate of 3.8% (compared to 4.2% national rate), a strong and diverse job base, and a broad range of relatively affordable housing options, the county remains attractive to buyers across the greater Washington, DC - Maryland - Northern Virginia region.
- Market Drivers: Strong Sales Activity & Buyer Demand
June Closed Sales totaled 728, increasing 6.7% over May and 1.1% over 2024. Total Contract Activity of 1,509 (settled and newly signed) home contracts nearly equaled May (1,513) and represents 89.7% of June's Active Listings (averaging 1,682). The Contract Ratio (Pending Sales / Active Listings) was 0.70, indicating a shift toward a balanced market while maintaining strong buyer interest.
Despite years of low inventory, the return of both buyers and sellers is restoring equilibrium to the market. - Momentum Continues: Stable Values, Growing Volume
June built on the county's double-digit Spring Sales growth. Total Home Sales Volume (Closed Sales times Average Sold Price) reached $339.8 million, marking a 5.9% increase month-over-month, driven by a 6.7% increase in Closed Sales. Inventory growth of 6.1% supported the surge in sales.
Remarkably, sales have increased in eight of the past nine month, despite the seasonal slowdowns typically associated with summer and winter. This sustained momentum is supported by stabilizing mortgage rates and an increase in listings. Current homeowners entering the market as sellers, along with new construction, are helping to meet current and pent-up demand for homeownership. - Home Prices: Equity Growth & Market Confidence
Home values remained steady in June, essentially unchanged from May. June's Median Sold Price was $453,500 – a 0.8% gain over June 2024 and 3.5% year-to-date growth. Average Sold Price was $470,968 – a 1.8% gain over June 2024 and 3.9% year-to-date growth. This steady appreciation across price segments underscores growing equity and long-term investment confidence. However, the lack of homes under $350,000 remains a barrier for many first-time buyers. - Inventory Expands, while Affordable Supply Remains Tight
Inventory is gradually increasing, moving toward long-term averages. In June, 910 New Listings entered the market. Active Listings rose from a May average of 1,585 to 1,682. For context, a 10-year or 20-year historical view shows Active Listings typically ranging between 1,500 and 2,200 homes. Months of Supply is 2.3, still below the 4 - 6 month range generally considered a balanced market.
This increase in listings is narrowing the gap between supply and demand and allowing the increase in Sales. An increased supply in affordable housing would further improve sales and first-time homebuyer opportunities. - Speed & Strength: A Competitive Yet Profitable Market
Homes sold at an average 99.3% of their Original Listing Price. Median Days on Market (DOM) was 17 days, meaning that half of all contracts were signed within 17 days of listing. Average DOM in Prince George's County was 27 days (down from 29), significantly below the national average of 53 days. Homes are selling quickly and near asking price, showing continued demand despite slight market cooling as we slowly emerge from an extended time of ultra-quick sales, accelerated price appreciations, and historically low inventory.
Market Performance Snapshot
| June 2025 | Year Over Year (YoY) | Month Over Month (MoM) | |
|---|---|---|---|
| Total Sold Dollar Volume | $339,768,429 | + 2.8% | + 5.9% |
| Closed Sales | 728 | + 1.1% | + 6.7% |
| Median Sold Price | $453,500 | + 0.8% | - 0.1% |
| Average Sold Price | $470,968 | + 1.8% | - 0.3% |
| Median Days on Market | 17 days | + 70% | + 21.4% |
| Average Days on Market | 27 days | + 17.4% | - 6.9% |
| New Pending Sales | 781 | - 13.3% | - 6% |
Expert Commentary: Confidence in the Market
Arnita Greene, PGCAR President and REALTOR® with Capital Structures Real Estate, commented: "Prince George's County offers exceptional opportunities for home buyers and sellers. While the number of sellers entering the market increased availability of "for sale" homes by 6.1% in June, Closed Home Sales jumped 6.7%. With mortgage rates stabilizing and prices holding, we're seeing more confident buyers and more successful closings."
Greene emphasized the strength of homeownership as a wealth-building strategy, citing 3.9% year-to-date appreciation and improving access to financing as key motivators for consumers. She noted that with mortgage rates holding below 7% for over a year, both new mortgages and refinancing activity have increased – a sign of growing financial comfort among buyers.
Affordability Tools: Maximize Your Homeownership Path
In today's expanding choices, working with a REALTOR® can help buyers, sellers, and investors make the most of current opportunities. Home inventory is more available than in recent years in established and new communities, rural and urban areas, and from condos to larger single-family estates. Competition is still high for well-positioned properties in this highly dynamic market. Work with a REALTOR® who is an expert at guiding you to, advising, managing, and closing on home market opportunities.
REALTORS® can also connect you to trusted mortgage and financial experts. Comparing a few mortgage options may save you hundreds monthly. Layer that with researching (and asking your REALTOR® about) national, state, and local homeownership savings programs. Prince George's County's Pathway to Purchase program can provide up to $25,000 in down payment and closing costs. Maryland SmartBuy 3.0 can eliminate up to $20,000 of a homebuyer's student debt, and these are just two of several homebuyer incentive programs.
The Takeaway: Why Prince George's Stands Out
"Homeownership is one of the smartest financial and lifestyle decisions you can make," said Greene. "Prince George's County continues to shine – offering relative affordability, high quality of life, and unmatched access to both urban amenities and rural charm. Whether you're a first-time buyer, seasoned seller, or investor, the time to act is now. From fast sales and strong returns for sellers to expanding inventory and financial tools for buyers, Prince George's County remains one of the top-performing markets in the greater Maryland - Washington, DC - Northern Virginia region and across the nation."
Greene concludes: "Connect with a REALTOR® to make the most informed, strategic, and rewarding decisions in today's market. Let a REALTOR®'s expertise guide you efficiently and confidently through the myriad of details to a successful purchase or sale!"
The Voice for Real Estate in Prince George's County
PGCAR is the voice for REALTORS® in Prince George's County, Maryland. Representing more than 3,500 real estate professionals in the national capital area, PGCAR is an affiliate of the Maryland and National Association of REALTORS®. We are proud to serve our members and our community and work to ensure professionalism in the industry. Our volunteers and staff work to offer services to real estate professionals and to provide avenues for our members to become more successful. We proudly work to promote and protect homeownership and private property rights.
CONTACTS:
Arnita Greene, 2025 PGCAR President - 240-997-0198, Arnita@TheGreeneGrp.com
Mike Graziano, Executive Vice President - 301-306-7900, MikeG@pgcar.com
