As Maryland’s real estate market evolves, one question dominates buyer conversations: Is it a buyer’s market in Maryland right now? The short answer? It’s more nuanced than a simple yes or no; think “balanced with buyer-friendly shifts” in many areas. With inventory rising and rates potentially easing, 2025 could give buyers more leverage, but hot spots like Baltimore and Annapolis remain competitive.
As local experts who buy and sell homes across Maryland, we’re breaking down the state of the buyer’s market in Maryland for 2025. From single-family homes to condos, here’s what buyers (and sellers) need to know to navigate this polarized landscape.
1. Inventory Is Finally Rising—Good News for the Buyer’s Market in Maryland
After years of low supply, Maryland’s housing stock is up significantly. In October 2025, homes for sale jumped 20.7% year-over-year to 23,791 listings, with 3 months of supply statewide. This shift means less frenzy and more options, especially in suburban counties like Frederick or Harford.
But it’s not uniform: Urban areas like Baltimore City see slower growth (up just 0.8% in prices), while Western Maryland tilts even more toward buyers with better affordability. If you’re hunting for a starter home, this bolsters the buyer’s market in Maryland homes are lingering longer (median 11 days on market, up from 8).
2. Prices Are Steady, But Not Skyrocketing—Easing Pressure on Buyers
Maryland home values rose a modest 1.9-2.7% year-over-year, with medians around $407,000-$447,000. Only 31% of homes sold above list price (down 7.5% from last year), signaling cooling competition.
For buyers, this means negotiating power: In a true buyer’s market in Maryland, expect concessions on price or closing costs, especially for condos and townhomes in rebounding rental-heavy areas like Montgomery County. Forecasts predict 2-3% appreciation through 2025, not the double-digits of prior years.
3. Mortgage Rates and Financing: The Wild Card for Buyers
High rates (hovering at 6-7%) have sidelined many, but experts eye a drop to 5% by year-end, potentially unlocking more demand. Banks remain strict—large down payments and last-minute hurdles are common—but improving conditions could tip the scales further toward a buyer’s market in Maryland.
First-time buyers: Leverage state programs like down payment assistance to compete. Cash buyers (including investors) are snapping up deals, flooding in foreign capital and keeping the low-end market active.
4. Hot vs. Cool Spots: Where the Buyer’s Market in Maryland Shines
Maryland’s market is polarized—desirable single-family homes in top neighborhoods (great schools, transit access) still favor sellers. But off-the-beaten-path condos, investment properties, and fixer-uppers? They’re buyer territory, with prices rebounding slowly amid rental demand.
- Buyer Wins: Western and Southern Maryland (e.g., Hagerstown, Calvert County)—more inventory, lower days on market (13+ in some spots).
- Seller Edges: Baltimore suburbs and coastal areas—low inventory keeps them competitive.
Overall, the buyer’s market in Maryland is emerging in the middle tier, where speculative pricing backfires and deals pencil out for savvy shoppers.
5. Investment Opportunities: Cash Buyers Dominate the Bottom End
Foreign and domestic investors are eyeing Maryland for its stability, scooping up undervalued properties. If you’re a buyer with cash, this is prime time—walk away from overpriced listings and target motivated sellers.
For everyday buyers, hybrid work trends are pushing demand outward, creating value in commuter-friendly exurbs.
Why the Buyer’s Market in Maryland Feels Confusing (And How We Can Help)
With action at the extremes—bidding wars at the top, bargains at the bottom—the middle is where most buyers struggle. Economic shakeups, like Fed rate cuts, could accelerate the shift toward buyers in 2025.
At Olympus Equity, we’re bullish on Maryland because we live and invest here. We buy homes statewide from sellers needing a quick exit—no repairs, no fees, close in 7-14 days.
If you’re a buyer eyeing opportunities or a seller ready to cash out in this evolving buyer’s market in Maryland, reach out. We’ll connect you with the right path.
📞 Call 443-768-1937 today 💻 Get your free cash offer at Olympus Equity.
Let’s turn market confusion into your next smart move.