Prince Georges County, MD Real Estate
Guide to Homes for Sale in Prince George's County, MD
Prince George’s County is the second-most populous county in Maryland. A short distance from Washington, DC, people often turn to Prince George’s real estate when they’re looking for homes out of the hustle and bustle of the city while still remaining close to everything it has to offer. Due to its proximity to DC, the county hosts many governmental facilities like Joint Base Andrews and the headquarters of the U.S. Census Bureau.
Prince George’s County on a Map
Prince George’s County has a total area of 500 square miles within the Atlantic coastal plain, and its landscape is characterized by gently rolling hills and valleys. Communities like Laurel and Bowie, along with the Patuxent Research Refuge, border the county to the north, the Patuxent River flows the east, Waldorf is to the immediate south, and the Potomac River, along with Washington, DC, completes the area’s boundaries to the west.
Homes for Sale in Prince George’s County, MD
Prince George’s County ranks top among areas in the Washington, DC metropolitan region for many reasons. Location and available jobs are some important qualities, but the affordable housing stock and its diverse selections are what truly separates Prince George’s County from the rest of the area. The county is also notable for its direct proximity to Washington, DC, allowing commuters an ideal address for both work and fun. Some of the most heavily populated cities in the area include Bowie, College Park, District Heights, Hyattsville and Seat Pleasant.
Dining Out in Prince George’s County
Depending on where you decide to live in the county, you may be closer to a strip mall rather than a large shopping mall boasting well-known boutiques and restaurants. Carolina Kitchen Bar and Grill in Hyattsville is a popular chain supplying Southern home comfort food in a snazzy setting adorned with colorful art. Some customer favorites include tender ribs and “slap-yo’-mama-good” mac n’ cheese. Jerry’s Seafood in Bowie is a family-friendly mainstay highlighting crab specialties and other seafood options in a simple setting. In National Harbor, Grace’s Mandarin sits above others. in its gorgeous waterfront venue, Grace’s Mandarin serves upscale Pan-Asian fare, including sushi, along with Potomac views. Along with plenty of popular dishes, the establishment is also renowned for its pleasantly generous staff and great happy hour specials.
Enjoying the Great Outdoors in Prince George’s County
Although Prince George’s County is not often credited for the Washington Redskins, the team’s stadium is in Landover and attracts plenty of locals and visitors for its games. The National Harbor, one of the largest single mixed-use projects in the area, combines a convention center, a mall and a hotel on the southwest coast of the county and is among top tourist attractions. Others include NASA’s Goddard Space Flight Center, Andrews Air Force Base, the University of Maryland’s flagship College Park campus, Six Flags America and Six Flags Hurricane Harbor.
Piscataway Park Nature Walk is just south of the National Harbor and is one of the largest green spaces in Prince George’s County. Located in Accokeek, this National Park offers woodlands and wetlands with a fishing pier, two boardwalks, nature trails and views of the Potomac River. Other parks in Prince George’s County range from Cedarville State Forest, Rosaryville State Park, Watkins Regional Park, and Greenbelt Park—a large park offering picnic tables, playgrounds, walking trails, plus campgrounds in year-round getaways.
Transportation Around Prince George’s County
I-495 is primarily the most used interstate in the county and extends to other counties and interstates like I-370 in Montgomery County. Fifteen stations of the Washington Metro are located in Prince George’s County, with four of them being terminus stations: Greenbelt, New Carrollton, Largo and Branch Avenue. The MARC Train operates two lines within the county, while those looking to travel through the friendly skies can rely on College Park Airport, Ronald Reagan, Dulles and BWI.
Real Estate Market Stats
Basic Stats Overview
Data Source: MRIS Listing Data, Last Updated: 5/25/2015
| M/M | 3M/3M | ||
|---|---|---|---|
| Homes for Sale | 53 | +1.9% | +35.8% |
| Months Inventory | 2.65 | +1.5% | +33.6% |
| Contracts Pending | 65 | +1.5% | +4.6% |
| Solds: 90 Day | 58 | +1.7% | +29.3% |
| Average List Price/Sold Price | 98.73% | +1.3% | +1.6% |
| Active/Pending Ratio | 0.82 | +1.2% | +32.9% |
| Average Price | M/M | 3M/3M | |
| Active | $196,171 | +5.1% | +11.4% |
| Pending | $229,832 | +1.3% | +7.4% |
| 90 Day Sold | $186,886 | +3.5% | +9.6% |
| Median Price | |||
| Active | $172,000 | -0.3% | +9.9% |
| Pending | $230,000 | +1.1% | 0.0% |
| 90 Day Sold | $167,950 | -10.7% | +14.9% |
| Days on Market | |||
| Active | 51.51 | +27.3% | -13.7% |
| Pending | 35.29 | -26.7% | -46.2% |
| 90 Day Sold | 53.36 | +8.5% | +24.0% |
| M/M | 3M/3M | ||
|---|---|---|---|
| Homes for Sale | 2 | 0.0% | 0.0% |
| Months Inventory | 1.14 | 0.0% | -23.7% |
| Contracts Pending | 5 | 0.0% | 0.0% |
| Solds: 90 Day | 6 | 0.0% | +66.7% |
| Average List Price/Sold Price | 100.44% | +0.7% | +1.8% |
| Active/Pending Ratio | 0.40 | 0.0% | 0.0% |
| Average Price | M/M | 3M/3M | |
| Active | $332,450 | +12.8% | +11.4% |
| Pending | $304,100 | -5.9% | +8.6% |
| 90 Day Sold | $308,650 | -1.4% | -26.0% |
| Median Price | |||
| Active | $332,450 | +12.8% | +11.4% |
| Pending | $269,900 | -33.4% | +3.7% |
| 90 Day Sold | $310,000 | 0.0% | -25.4% |
| Days on Market | |||
| Active | 23.00 | +45.7% | 0.0% |
| Pending | 63.60 | +11.6% | -7.5% |
| 90 Day Sold | 59.50 | -2.5% | +85.7% |
| M/M | 3M/3M | ||
|---|---|---|---|
| Homes for Sale | 42 | +14.3% | +50.0% |
| Months Inventory | 3.71 | +11.9% | +45.3% |
| Contracts Pending | 43 | +2.3% | +14.0% |
| Solds: 90 Day | 37 | +5.4% | +29.7% |
| Average List Price/Sold Price | 98.17% | +1.4% | +1.2% |
| Active/Pending Ratio | 0.98 | +12.2% | +41.8% |
| Average Price | M/M | 3M/3M | |
| Active | $206,104 | -2.5% | +3.8% |
| Pending | $272,357 | +1.4% | +1.9% |
| 90 Day Sold | $208,072 | +3.7% | +11.1% |
| Median Price | |||
| Active | $184,700 | -5.5% | +10.7% |
| Pending | $279,900 | -1.8% | -0.0% |
| 90 Day Sold | $195,000 | -7.2% | +7.4% |
| Days on Market | |||
| Active | 50.57 | +20.8% | -60.0% |
| Pending | 32.19 | -39.8% | -59.7% |
| 90 Day Sold | 57.95 | +6.4% | +20.3% |
| M/M | 3M/3M | ||
|---|---|---|---|
| Homes for Sale | 9 | -55.6% | -22.2% |
| Months Inventory | 1.30 | -50.0% | -11.5% |
| Contracts Pending | 17 | 0.0% | -17.6% |
| Solds: 90 Day | 15 | -6.7% | +13.3% |
| Average List Price/Sold Price | 99.70% | +1.8% | +2.7% |
| Active/Pending Ratio | 0.53 | -54.7% | -3.8% |
| Average Price | M/M | 3M/3M | |
| Active | $119,533 | +10.6% | +12.1% |
| Pending | $100,426 | +4.1% | +4.2% |
| 90 Day Sold | $85,920 | -1.4% | -20.3% |
| Median Price | |||
| Active | $120,000 | +25.0% | +23.4% |
| Pending | $102,000 | +13.7% | +2.2% |
| 90 Day Sold | $85,000 | -5.8% | -35.3% |
| Days on Market | |||
| Active | 62.22 | +44.8% | +63.9% |
| Pending | 34.82 | -16.6% | -37.3% |
| 90 Day Sold | 39.60 | +18.1% | +13.6% |
