Prince George's County, Maryland
April 2026 Market Watch

Landover, MD, May 2026 - Prince George's County's spring housing market continued double-digit growth through April, as buyer demand, improving inventory, and strong home values combined to create one of the region's – and nation's – most active and competitive markets. Closed Sales surged 11% over March, while New Pending Sales climbed another 3.3% and Median Days on Market dropped 12 days to 21 Median Days on Market, boding well for continued sales growth through the remaining spring season.

Monthly home sales jumped 11% from 575 Closed Sales in March to 638 in April. Moreover, New Pending Sales reached 866 homes – up 3.3% over March and 6.3% higher than April 2025. Importantly, the 866 newly signed contracts exceeded April's Closed Sales total by 35.7%, a strong forward-looking indicator that market activity could continue accelerating into early summer.

• A Market Gaining Speed

  April generated nearly $300 million in Total Sold Dollar Volume (Closed Sales times Average Sold Price), reaching $299.7 million – a 14.6% jump over March. The leap was fueled by the higher sales activity and rising home prices, as Average Sold Price climbed 3.1% month-over-month.

  Contract activity is booming! Even after March's 25% jump in Closed Sales and 30.3% leap in New Pending Sales, April contract performance climbed appreciatively above that. Contract activity remained exceptionally strong throughout the County.

  • April's Contract Ratio reached 0.66 Pending Contracts per Active Listing, meaning about two-thirds of Active Listings went under contract.
  • Buyers enjoyed a 10% month-over-month inventory increase to 1,872 "for sale" homes.
  • The welcome increase in inventory allows buyers more options and flexibility than in recent years, while competition for homes is clearly intensifying again.
  
  

  Prince George's County continues to outperform most national and Maryland - DC - Virginia regional markets, supported by strong local demand, relative affordability, and long-term economic growth.

  The market is also showing encouraging signs of rebalancing. Sellers are returning to the market in larger numbers, while buyers are successfully absorbing the new inventory entering the marketplace.

  In total, 1,872 homes were sold or under contract in April (638 Closed Sales + 866 New Pending Sales + 368 carried over from March) – remarkably matching the County's 1,872 active listings. This represents an extraordinary 100% absorption rate and an 8% increase in contract activity month-over-month.

• Strong Demand Continues to Absorb Rising Inventory

  Despite broader economic uncertainty and ongoing affordability concerns nationwide, Prince George's County continues to demonstrate remarkable market resilience.

  • Active Listings rose 10.3% over March and 29.6% year-over-year, allowing an 11% month-over-month growth in Closed Sales.
  • Homes averaged $249 per square foot, up 2% month-over-month amid strong home values across a wide range of price points.
  • Mortgage rates stabilizing near the 6% - 6.5% range continue improving affordability compared to recent peaks, helping unlock pent-up buyer demand.
  
  

  Homeownership remains one of the strongest long-term wealth-building opportunities available to individuals and families, and Prince George's County continues offering buyers strong value relative to surrounding jurisdictions.

• Home Values Remain Strong and Stable

  County home values continued holding firm through broader national economic uncertainty, delivering continued equity growth for homeowners and confidence for buyers.

  • Average Sold Price: $469,637
    (up 0.3% year-over-year, up 3.1% month-over-month)
  • Median Sold Price: $450,000
    (up 1% YoY, up 2.3% MoM)
  • Sellers received 98.3% of list price.
  
  

  The long-term growth story remains especially compelling. Average and Median home prices are

  • Up 80% over the past 10 years
  • Up for any period of 2 years or more
  
  

  This sustained appreciation continues highlighting homeownership as one of the most effective wealth-building tools for individuals, families, and multigenerational households.

• Inventory Growth is Creating Opportunity

  Growing inventory is giving buyers more choices while sellers are enjoying faster sales amongst long-standing and new homebuyer demand.

  • 1,872 Active Listings
    (up 29.6% YoY; up 10.3% MoM)
  • 963 New Listings
    (up 11.6% YoY; up 2.9% MoM)
  • 2.9 Months of Supply
    (up 46.8% YoY; up 10.6% MoM; still below balanced market levels)
  
  

  The average number of days between listing and a signed contract (Days on Market) dropped dramatically during April, emphasizing the appetite for County homes:

  • 21 Median Days on Market
    (falling 12 days from 33 Median DOM in March)
  • 42 Average Days on Market
    (falling 6 days from 48 Average DOM in March.
  • 33.5% of homes went under contract within 10 days
  • 48.3% went under contract within 20 days
  
  

  Prince George's County homes continue selling considerably faster than national averages, reinforcing the County's strong buyer demand and overall market competitiveness.

  This shift signals an accelerating market, increasingly favorable for sellers and buyers with growing home values, increasing availability of "for sale" homes, and improving affordability.

• Prince George's County Continues to Stand Out

  Prince George's County remains one of the most attractive housing markets in the Maryland - Washington, DC - Northern Virginia region due to its:

  • Diverse housing options spanning urban, suburban, and rural communities
  • Strong employment and economic drivers
  • Cultural richness and community appeal
  • Relative affordability compared to neighboring markets
  • Ongoing development and infrastructure investment
  • Increasing renown as an educational, research & entrepreneurial hub, with over $1.5B current research investment in The University of Maryland alone.
  
  

  These advantages continue attracting homebuyers, investors, businesses, and families seeking long-term opportunity and value.

Market Performance Snapshot

© 2026 ShowingTime. Data provided by Bright MLS.

Expert Commentary: A Favorable Market for Buyers and Sellers

Carole Webb, PGCAR President and REALTOR^® with Samson Properties, proudly shares: "The Prince George's County's 2026 home market continues to accelerate, rewarding homebuyers and sellers! April saw 14.6% growth in Total Sold Dollar Volume to $299.7 million, 11% growth in Closed Sales to 638 homes, and growth in Median and Average Sold Prices, Sold to Original Listing Price, New Pending Sales, Active Listings, and more positive factors. With interest rates fluctuating within the 6 - 6.5% range and inventory growth in new and existing homes, affordability is predicted to continue to slightly improve or at least stay stable throughout 2026."

Mrs. Webb continued, "Whether buying or selling in this highly active market, working with a local REALTOR^® early provides a major advantage. REALTORS^® provide critical expertise in pricing, negotiation, and evaluating opportunities in a rapidly moving market. Also ask your REALTOR^® to introduce you to financial services or mortgage experts best suited to your needs. In addition, your REALTOR^® can point you to a variety of homebuyer savings programs, including the Prince George's County Pathways to Purchase Program, now offering increased funding of up to $50,000 to homebuyers. It's an excellent time to buy or sell in Prince George's County!"

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