Maryland Real Estate for Sale

Is Maryland a Good State To Invest in Real Estate?

Real estate has long been a smart investment for people and companies looking to build a solid foundation of wealth. By choosing the right properties and deals, you can build a real estate portfolio that can generate income immediately through rental income or offer a long-term payoff.

To get the best returns, you have to invest in the right area, and that's why the Maryland real estate market is so appealing. The market is on the way up, with data showing the number of homes sold in the state increased year to year from 2023 and 2024. Not only did the number of units sold increase, sales prices rose as well. This means if an investor can get into the market now, there is the potential to make a big profit down the road.

Maryland's proximity to Washington, DC also makes it a smart investment. High-earning government workers who don't want to live in the capitol often move to the surrounding Maryland communities, bolstering the real estate market.

Why Is Maryland Housing So Expensive?

The Maryland real estate market is appealing, but that can also mean properties can be a bit expensive. There is low inventory available in many of the most desirable places, forcing prices up.

The region's job market influences prices as well. Maryland has a strong and diverse economy, with competitive wages that attract residents. This can lead to strong and desirable communities but also contributes to higher property values.

What Is the Average Home Sale Price in Maryland?

Maryland real estate prices can vary greatly depending on the location you're considering and the type of property you want. According to Maryland Realtors, the average sales price for houses in Maryland as of April 2024 is $500,968. That's up from the year before. Here's a look at the averages for different popular communities across the state:

• Baltimore City: $251,421
• Anne Arundel County (Annapolis): $606,854
• Frederick County: $500,859
• Montgomery County: $797,629

With such a wide range, there are opportunities at many different price points to get into the Maryland real estate market. Nestfully can help you find the location and property that makes the most sense for your needs, whether you are looking for a home for yourself or searching for Maryland houses that will be good investments. Nestfully makes it easy to filter potential properties by city, price, or other amenities that appeal to you.

Is Maryland a Good Place To Live?

When you choose to buy real estate in Maryland, you'll join the thousands of other people who have discovered how great a place Maryland is to live. The state has great features that are attractive to families, professionals, nature lovers, and more.

• Strong economy: With a diverse economic base, there are many types of industries that thrive in Maryland, offering opportunities for people who want to invest in the state. Government, healthcare, and education provide many jobs in the state. According to the most recent U.S. Census, Maryland boasted the highest median household income among states and has the second highest ratio of millionaire households.
• Location: Thanks to its location in the heart of the Mid-Atlantic region, Maryland is convenient to many major cities and attractions. Baltimore and Annapolis are important business and government hubs. It's also easy to access Washington, DC, or take a train or flight to large East Coast cities like New York City, Philadelphia, Boston, and more.
• Natural Beauty: Boarding the Chesapeake Bay, you can find Maryland real estate opportunities right along the coast, offering more value. The state also has mountain and forest landscapes, giving you the chance to find the perfect natural setting for your home.
• Excellent Education: Maryland has constantly ranked among the top education systems in the country, recently coming in fifth among all 50 states. Both families looking to raise children and investors looking to rent to families can find value in the top-notch school opportunities.

Factors like these are driving people to come to Maryland, keeping the demand for houses in Maryland high. The state's population has grown by at least 7% each decade and that growth is expected to continue, making now a smart time to invest in a property in the state.

Find Your Place in the Maryland Real Estate Market

A property can be one of the most valuable assets you can buy, serving as both a great home for your family and a financial base to build more wealth. If you're ready to find the property that fits you, get in while the market is hot and start growing your investment.

Nestfully uses the most up-to-date Maryland MLS listings to help you discover the home that will fit your needs. Start your search with a partner you can trust, and start building your future now.