Prince George's County, Maryland
February 2026 Market Watch

Landover, MD, March 2026 - Prince George's County's market activity accelerated significantly as home demand and values remain strong, and 30-year fixed-rate mortgage rates hovered near 6%, the lowest rates in over 3 years. February home sales jumped 7% to 460 Closed Sales, while New Pending Sales surged 10.1% to 643 homes under new contracts. The 643 New Pending Sales signed during February – 39.8% more than the 460 homes that closed – serve as a strong forward-looking indicator of accelerating activity ahead of the spring market.

• February Sales Indicators
  Total Sold Dollar Volume (Closed Sales times Average Sold Price) was $210.4 million, driven by the 7% rise in Closed Sales and persistently strong County home values holding steady. Contract activity is thawing quickly as the market begins to warm ahead of the spring season. In total, 1,481 listed homes were either sold or under contract in February (460 Closed Sales + 643 New Pending Sales + 378 carried over from January). This equals 95.7% of February's 1,547 average number of Active Listings.
  
  As predicted, leading up to 2026 and during January's strong showing of improved buyer activity, improved inventory and easing mortgage interest rates, early 2026 home market performance points to a healthy Spring market and increasing sales throughout the year. Affordability remains the largest deterrent, underscored by the fact that the same affordability components (increased inventory, lower mortgage rates, moderate home price growth) are improving simultaneously with sales and contract growth. Improved buying power has already netted Prince George's County two months of 4.5% and 10.1% month-over-month growth in Pending Sales.
  
  
• Market Resilience and a Home Market Rebalancing
  National inflation, economic uncertainties, and affordability headwinds continue, yet the County's housing market shows encouraging signs of normalization. Sellers continue to benefit from strong pricing and historically high equity, capturing 97.4% of Original Listing Price and $243 Average Price per Square Foot at Settlement. Though contract activity remains below February 2025 levels, homebuyer demand, and 30-year fixed-rate mortgage interest rates near 6% are increasing confidence enough to have both home sellers and buyers returning to the home market.
  
  Prince George's County February Average and Median Sold Prices further show home value stability, and a small but important improvement in availability of homes underneath the $457,252 Average Sold Price. When the Average Sold Price remains steady while the Median Sold Price dips slightly (2.2% year-over-year), it suggests that relatively more homes were sold at lower price points compared to February 2025. This is favorable for affordability and long-term market health. The lack of smaller homes for new home buyers and downsizing "empty nesters" is a critical challenge for long-term economic growth.
  
  
• Strong Home Values Provide Sustainable High Equity Growth for Buyers and Sellers
  Average Sold Price rose 0.3% year-over-year and decreased 0.1% month-over-month to $457,252. Median Sold Price dipped 2.2% from February 2025 and equaled January. Sellers received 97.4% of their Original List Price, continuing to benefit from solid equity positions and strong demand.
  
  Home values remain strong and steady, continuing to rise across any two-year measure, though at a more sustainable pace than in recent periods. Over ten years, Average Sold Price has increased 90.5% and Median Sold Price has increased 87.3% in Prince George's County, a clear indication of how powerful homeownership can be as an investment and generational wealth builder.
  
  
• Prince George's County Market Shows Strength
  The February Prince George's County home market demonstrates that increased inventory and lower interest rates benefit both Buyers and Sellers. Closed Sales and New Pending Sales increased 7% and 10.1% respectively at steady home values and a slightly higher 97.4% Average Sold Price to Original Listing Price (compared to 97.1% in January). More of the high demand for homeownership was met while delivering high equity growth and profitable sales for sellers. Homeownership remains one of the strongest drivers of long-term financial stability and wealth building – through appreciation, predictable payments, and potential Mortgage Interest Deduction (MID) benefits.
  
  Prince George's County is a high performer in the national and Maryland - DC - Virginia regions. It offers ample availability and wide diversity of exceptional education, employment, culture, recreation, and a full range of rural to urban lifestyles. Our county enjoys all of this and relative affordability, retaining Prince George's position as one of the most competitive and attractive housing markets.
  
  
• Inventory Growth is Reshaping Negotiations
  The 33% increase in Active Listings is giving buyers more choices, more neighborhoods to consider, and more time to evaluate properties. Homes are spending slightly longer on the market, and contract terms are reflecting more negotiation than in early 2025.
  
  
  • 1,547 Active Listings:
    Down 0.5% from January; 32.9% above February 2025
  • 576 New Listings:
    Down 17.8% from January; 12.6% below February 2025
  • 2.39 Months of Supply:
    Up 0.4% from January; 51.1% above February 2025 (still below the 4 - 6 month balanced range)
  • 97.4% Sale-to-Original List Price
  
  
• Homes are Selling Quickly by Historic Standards:
  
  
  • 40 Median Days on Market (DOM): 15% below the national average of 47 days
  • 49 Average DOM: Substantially below the national average of 70 days
  • 25.2% of homes went under contract within 10 days.
  
  

Market Performance Snapshot

© 2026 ShowingTime. Data provided by Bright MLS.

Expert Commentary: A Favorable Market for Buyers and Sellers

Carol Webb, PGCAR President and REALTOR^® with Samson Properties, shared: "February home sales data shows that the Prince George's County market is gaining momentum earlier than many expected. Closed Sales increased 7% from January and New Pending Sales rose 10.1%, signaling that buyer demand is strengthening as mortgage rates hover near 6% and inventory continues to improve. With 643 homes going under contract during February – nearly 40% more than the number of homes that closed during the month – it is clear that the pipeline of future sales is expanding as we head toward the traditionally active spring season.

Home values remain remarkably stable despite broader economic uncertainty. The Average Sold Price held near $457,000 and sellers continued to receive 97.4% of their original list price, demonstrating that strong demand is still supporting pricing. At the same time, the slight year-over-year dip in Median Sold Price suggests that more homes at lower price points are entering the market and successfully selling, which is an encouraging development for affordability and long-term market balance."

Ms. Webb continued, "Whether buying or selling, be well prepared by contacting a local REALTOR^® early. Inventory growth is helping reshape the marketplace in a healthy way, and being absorbed, showing growing optimism and opportunities for buyers and sellers. Active listings are higher than a year ago and supply has increased as well. While still below a balanced market, this additional inventory is giving buyers more choices and creating some time for thoughtful negotiation while maintaining strong outcomes for sellers.

As we move deeper into 2026, the combination of improving inventory, steady home values, and gradually easing borrowing costs positions Prince George's County for a strong spring market. Buyers and sellers alike will benefit from working with a REALTOR^® who understands the nuances of pricing, timing, and negotiation in a market that is transitioning toward greater balance while maintaining its long-term strength. Jump ahead of the Springtime rush. Now is a great time to buy or sell in Prince George's County!"

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