The Anne Arundel County housing market is shifting heading into summer. With more inventory and stable buyer demand, both sides of the market are adjusting to new conditions. If you’re buying or selling in Pasadena or anywhere in Anne Arundel County, understanding these trends can help you move forward with confidence.
Let’s take a closer look at what the numbers are telling us.
Active Inventory is Up Significantly
There are currently 968 active listings for sale in Anne Arundel County, marking a 7% increase from last month and a substantial 29% increase year-over-year. Inventory has been building steadily and now exceeds the levels seen in 2022 through 2024 for this time of year.
Inventory by Area:
- Annapolis – 229 homes
- Glen Burnie – 119 homes
- Pasadena – 98 homes
- Severn – 39 homes
- Arnold – 36 homes
- Severna Park – 31 homes
- Crownsville – 18 homes
More listings on the market means buyers have greater choice, which may lead to more balanced negotiations. Sellers, on the other hand, need to be more strategic with pricing and presentation to compete effectively.
Median Sales Price Softens Year-Over-Year
The median sales price in Anne Arundel County last month was $500,000, which represents a 3.5% decline from the same time last year—a difference of $18,450.
Median Home Values by City:
- Crownsville – $925,000
- Severna Park – $810,000
- Arnold – $680,000
- Annapolis – $650,000
- Severn – $500,000
- Pasadena – $435,000
- Glen Burnie – $420,000
While price declines may concern sellers, it’s important to remember that values remain historically high. For buyers, this softening creates a more approachable entry point—particularly in markets like Pasadena and Glen Burnie.
Homes Are Still Selling Quickly
Despite the rise in inventory, days on market remain low across most property types, indicating steady buyer demand.
Median Days on Market (May 2025):
- Detached homes – 6 days
- Townhomes – 5 days
- Condos – 11 days
Homes that are priced correctly and show well are continuing to sell within the first week, especially in mid-range suburban neighborhoods.
Mortgage Rates Remain Elevated, But Steady
As of June 2025, the average 30-year fixed mortgage rate is 6.93%, hovering near the upper end of its 52-week range (6.11% to 7.26%). This has a direct impact on monthly affordability.
Monthly Payment Estimates on a $500,000 Loan:
- At 6.11% – $3,533
- At 6.93% – $3,803
- At 7.26% – $3,914
With rates showing limited movement, many buyers are locking in with the expectation that future refinancing could improve their long-term position.
Market Trends Suggest a Shift Toward Balance
Compared to the past few years of historically low inventory and aggressive bidding wars, the current market shows signs of rebalancing. More listings, stable pricing, and longer negotiations point to a more normalized environment.
Seasonal trends still apply—early summer is traditionally one of the busiest periods for real estate in Anne Arundel County—but buyers are moving more cautiously than in prior years.
What This Means for Buyers and Sellers
For Buyers
The market now offers more options and, in some cases, more leverage. If you’re financially prepared, this is a smart time to explore opportunities before competition intensifies later in the summer.
For Sellers
Demand is still strong for homes that are well-prepared and accurately priced. However, with inventory climbing, standing out is key. Professional marketing and local pricing expertise are more important than ever.
Summary
The Pasadena MD real estate market and broader Anne Arundel County housing market are entering a more balanced phase. For homeowners considering selling, this is a moment to act before more inventory crowds the market. For buyers, increasing supply and moderated prices are improving conditions after several tight years.
If you’re thinking about making a move, let’s talk strategy. Every neighborhood and property type is performing differently, and understanding your specific position in this evolving market is the first step to making a smart decision.
Leave a Reply