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Blog > Prince George’s County Housing Market — June 2025

Prince George’s County Housing Market — June 2025

by Lifetime Client Group

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Explore the Prince George’s County real estate market in June 2025 — updated trends on home prices, inventory, days on market, and buyer-seller dynamics across Maryland’s fastest-changing housing market.

 

1. Overall Price Trends

  • Median home sale price is approximately $450,000 as of May, reflecting a 3.4% increase compared to June 2024.

  • In areas like Lanham and New Carrollton (ZIP code 20706), median listing prices were around $465,000, showing a 1.9% increase month-over-month.

  • The average sold price across the county climbed to about $472,500, which is a 6.1% year-over-year gain and a modest 0.9% rise from May.

Takeaway: Prices are holding steady or rising modestly—good news for sellers, but affordability is still a concern for many buyers.

2. Sales Activity & Days on Market

  • Closed sales in May were down year-over-year, from around 856 to 763 transactions—a drop of nearly 11%.

  • New contracts remained relatively stable, down by just 0.2% year-over-year, with declines mostly in higher price tiers.

  • Time on market rose slightly:

    • Countywide, homes averaged 36 days on market, up from 31 days the previous year.

    • In ZIP code 20706, homes spent an average of 51 days on market, just one day less than in May.

Takeaway: Homes are taking a bit longer to sell, and fewer sales are closing. This suggests a more deliberate buying environment.

3. Inventory & Supply Dynamics

  • Inventory in ZIP 20706 jumped from 48 to 84 active listings between May and June, a 75% month-over-month increase.

  • The biggest inventory increases were seen in larger homes:

    • 3-bedroom homes increased from 15 to 25 listings.

    • 4-bedroom homes rose from 16 to 29 listings.

    • 5-bedroom homes surged from 11 to 23 listings.

Takeaway: Buyers now have more options—especially for larger properties—which could slow price growth and improve buyer negotiating power.

4. Market Balance & Buyer Leverage

  • Sale-to-list price ratios hovered just below 100%, suggesting many homes are selling at or near asking price.

  • Only 38% of homes sold above list price, down significantly from a year ago.

  • Price reductions are becoming more common, with nearly 1 in 3 homes seeing markdowns before selling.

Takeaway: The market is shifting from a seller's market to a more balanced one. Buyers are gaining some leverage and may be able to negotiate more favorable terms.

5. What’s Driving These Patterns?

  • Higher interest rates are slowing demand, especially among first-time buyers and those needing financing.

  • Increased inventory gives buyers more choices and reduces pressure to bid aggressively.

  • Local economic resilience, particularly in government and education sectors, helps stabilize pricing.

  • Ongoing infrastructure projects, including transit improvements and community development near College Park, continue to enhance long-term market appeal.

6. Recommendations for Buyers & Sellers

For Buyers For Sellers
Explore larger homes. These have more supply and room for negotiation. Price competitively. Overpricing can lead to longer days on market and the need for reductions.
Take your time but be ready. With homes sitting longer, you have time to evaluate—but still move decisively on well-priced listings. Stage and prepare. Buyers are cautious, so curb appeal and presentation matter more than ever.
 

7. The June Snapshot in Perspective

The Prince George’s County housing market in June 2025 reflects a cooling but stable landscape. Price appreciation continues at a healthy, sustainable pace. Inventory is up, demand is slightly down, and the result is a more balanced playing field for both buyers and sellers.

8. Local Insight

Local real estate experts point out that hyperlocal trends are increasingly important. Neighborhood-level dynamics—such as school districts, walkability, and proximity to Metro—are having a bigger impact on home values

   
   
   
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