Prince George's County, Maryland
October 2025 Market Watch
Prince George's County Home Market:
County Home Sales, Values, and Pending Sales All Rise
as Mortgage Rates Fall to 2025 Lows
Landover, MD, November 2025 - Prince George's County's October housing market exceeded expectations on nearly every front. Home sales, newly signed home contracts, and home values all increased from September – despite the federal government shutdown that extended through October and affected local jobs and businesses, and government services. The market's ability to not only stabilize but improve demonstrates the County's long-standing strength and persistent buyer demand.
The Prince George's County Association of REALTORS® (PGCAR) reported a 1.9% month-over-month increase in Total Sales Volume, climbing to $303.4 million, driven by a 0.6% rise in Total Closed Sales and a 1.3% increase in Average Sold Price. New Pending Sales also grew, rising 1.2% over September to 734 contracts signed in October.
- Market Resilience Amid Economic Headwinds
Even with ongoing national inflation concerns and the impact of the shutdown, the County's housing market is showing encouraging signs of normalization. Buyers have more breathing room as days on market rise modestly, while sellers continue to benefit from strong pricing and historically high equity. Though contract activity remains below October 2024 levels, demand remains steady and sales are recovering.
Prince George's County is again demonstrating its historic pattern: emerging from regional and national economic stressors faster than other areas in the Maryland - Washington, D.C. - Northern Virginia region and maintaining above-average market activity even during downturns. - Home Values Strengthen Through Economic Disruption
Despite national and regional economic challenges, home values continued to rise, reflecting strong buyer confidence and expectations of long-term returns.
Average Sold Price rose 2.4% year-over-year and 1.3% month-over-month to $466,206. Median Sold Price rose 2.7% over October 2024 and 0.6% over September to $452,782. Sellers received 97.7% of their Original List Price, continuing to benefit from solid equity positions and strong demand. - Prince George's County Outperforms the Region
Home sales have risen in 8 of the past 12 months, with the only dips occurring during winter and again in July and August amid heightened tariffs, inflation, and the looming shutdown. Even during uncertainty, homeownership remains a highly valued, stabilizing financial choice – offering appreciation, predictable payments, and potential Mortgage Interest Deduction (MID) benefits.
Over any two-year or longer period, county homeowners continue to experience significant equity gains. With affordability, diverse housing options, and exceptional amenities across education, employment, culture, and recreation, Prince George's remains one of the region's most competitive and attractive housing markets. - Key Market Drivers
Seasonal Lulls + Economic Uncertainty versus Rising Inventory + Lower Mortgage Rate
- Closed Sales: 651, up 0.6% from September and down 9.7% year-over-year
- Total Sales Volume: $303.4 million
- New Pending Sales: 734, up 1.2% from September and down 5.3% from October 2024
- Contract Activity: 1,385 total (651 settled + 734 new)
- Contract Ratio: 0.55 (vs. 0.59 in September and 1.17 in October 2024)
- Affordability Progress
Affordability remains the greatest barrier to homeownership. Yet, Prince George's continues to stand out for its relative affordability and lifestyle advantages.
Homes priced $250,000 - $400,000 again saw the strongest growth in October. Rising inventory, and the lowest 30-year and 15-year mortgage rates of 2025, 6.17% and 5.41% respectively, are opening new opportunities for first-time and moderate-income buyers. - Growing Inventory with Still-Competitive Demand
- Active Listings: 1,947, up from 1,888 in September
- New Listings: 881
- Months of Supply: 2.85 (below the 4 - 6 month balanced range)
- Sale-to-Original List Price: 97.7%
- Homes are Selling Quickly by Historic Standards:
- Median DOM: 29 days
- Average DOM: 38 days (still below the national average of 51 days)
- 29% of homes went under contract within 10 days.
Market Performance Snapshot
| October 2025 | Year Over Year (YoY) | Month Over Month (MoM) | |
|---|---|---|---|
| Total Sold Dollar Volume | $303,398,261 | - 6.9% | + 1.9% |
| Closed Sales | 651 | - 9.7% | + 0.6% |
| Median Sold Price | $452,782 | + 2.7% | + 0.6% |
| Average Sold Price | $466,206 | + 2.4% | + 1.3% |
| Median Days on Market | 29 days | + 81.3% | + 16% |
| Average Days on Market | 38 days | + 35.7% | + 8.6% |
| New Pending Sales | 734 | - 5.3% | + 1.2% |
| Average Price per Sq. Foot | $245 | - 2.8% | + 0.4% |
Expert Commentary: A Favorable Market for Buyers and Sellers
Carol Webb, PGCAR President and REALTOR® with Samson Properties, noted: "Compared to other Maryland areas' Prince George's County is holding its own. Yes, the numbers are modest, but increases in the average sold price along with increases in inventory, prove that sellers are seeing appreciation gains and buyers are recognizing a value with a high return on investment. Even with quickly shifting mortgage rates, selective inventory, and economic uncertainty, demand for housing in the County is on the right path."
Carol concludes: "Whether you're a first-time homebuyer, a homeowner looking to resize or relocate, or an investor considering a second property, homeownership remains one of the most reliable paths to personal and generational wealth. With expanding inventory, easing mortgage rates, and an array of homebuyer assistance programs, now is an exciting time to plan your next move. Connect with a REALTOR® to guide you confidently and successfully through today's market."
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:
Carol Webb, 2026 PGCAR President - 301-850-0255, CaroleRWebb@yahoo.com
Mike Graziano, Executive Vice President - 301-306-7900, MikeG@pgcar.com
