Prince George’s County Real Estate Snapshot: June 2025 vs. June 2024

A Year-Over-Year Market Comparison and What It Means for Today’s Buyers and Sellers

As we look at the housing market performance in Prince George’s County from June 2024 to June 2025, the data reveals steady pricing, growing inventory, and a shift in buyer behavior. Here’s how the numbers stack up and what it means for those considering a move.

Median List Price

• June 2024: $450,000
• June 2025: $470,000
• Change: +4.4%

Sellers entered the market with more confidence this year, listing their homes at higher median prices. This suggests a perceived increase in property value and a competitive push to capture stronger returns.

Median Sold Price

• June 2024: $450,000
• June 2025: $455,000
• Change: +1.1%

While list prices rose significantly, the median sold price saw only a modest increase. This points to buyers negotiating more successfully or sellers needing to realign with market realities to close deals.

Days on Market (DOM)

• June 2024: 21 days
• June 2025: 27 days
• Change: +6 days

Homes are staying on the market longer compared to the same time last year. This increase in DOM indicates slightly reduced urgency among buyers and growing inventory giving them more options.

Under Contract (Pended) vs. Sold

• June 2024: 596 pended, 782 sold
• June 2025: 519 pended, 764 sold

There’s a noticeable drop in the number of homes going under contract, while closed sales are only slightly lower. This trend suggests a slowdown in buyer activity as of June 2025 and may reflect deals closing that originated earlier in the spring.

Opportunities in Today’s Market

For Sellers:

• Inventory is growing (1,991 homes in June 2025 vs. 1,533 in June 2024), so standing out matters more than ever.
• Sellers who align their pricing with true market value and invest in staging or pre-listing improvements are more likely to avoid extended time on the market.

For Buyers:

• The longer average time on market offers more breathing room for decision-making.
• With sold prices holding steady and competition easing slightly, this may be a good time to negotiate favorable terms or lock in value before further list price increases.

In Summary

The Prince George’s County housing market continues to show resilience, with steady pricing and a more balanced pace. Whether you're a buyer ready to take advantage of a less competitive landscape or a seller aiming to price your home for today’s informed buyers, timing and strategy are everything.

Let’s talk about your goals. Reach out today for a customized market consultation and see how we can position you for success in this dynamic market.