As fall approaches, the Anne Arundel County housing market is showing signs of balance after a busy summer. Inventory remains tight, but mortgage rates dipped slightly in anticipation of the Federal Reserve’s first rate cut in nine months. Home values continue to hold steady, even as some cities experience month-to-month softening.
Active Listings & Inventory Levels
At the start of September, there were 1,036 active listings across Anne Arundel County, a slight 1% decline from last month. That translates to 1.5 months of inventory, well below the 4–6 months typically considered balanced.
Compared to recent years, 2025 has consistently carried more inventory than 2022–2024, giving buyers a few more options while still keeping sellers in a favorable position.
Inventory by City
- Annapolis leads with 215 homes for sale.
- Glen Burnie follows with 150, while Pasadena has 107.
- Only Annapolis and Glen Burnie recorded increases in active listings this month.
Interest Rates & Affordability
Mortgage rates are trending slightly downward. The average 30-year fixed rate sits at 6.15%, just above this year’s low of 6.11%. The Fed’s recent quarter-point cut may offer gradual relief, though the full effect on housing will take time.
For context, a $500,000 loan at today’s rate equals an estimated monthly payment of about $3,546 (including taxes and insurance). That’s nearly $370 less than at this year’s peak of 7.26%, highlighting how even small shifts in rates impact affordability.
Home Prices & Values
The median sales price in Anne Arundel County last month was $500,285, up 2.6% year-over-year (+$12,774).
While prices held steady overall, performance varied by city:
- Annapolis was the only market to record a month-over-month price gain.
- Cities including Pasadena, Glen Burnie, and Severna Park all saw slight decreases in closed sales prices.
Days on Market (DOM)
Homes are not moving quite as quickly as they were earlier this summer.
- Detached homes: 12 days on market
- Townhomes: 11 days
- Condos: 21 days
That’s an increase across the board compared to July and August, a signal that demand is easing slightly as we head into fall.
Price Reductions & Sales Prices
We’re also seeing more price reductions, which often occur when buyer demand softens. This trend is tied to the slower pace of sales and is beginning to show in the numbers: most cities experienced month-over-month declines in closed sales prices, with Annapolis as the only exception.
What This Means for Buyers & Sellers
For buyers, the combination of modestly higher inventory and slightly lower borrowing costs provides a welcome opportunity. Having a strong pre-approval and flexibility with terms remains essential, especially in competitive areas like Severna Park and Annapolis.
For sellers, countywide values remain strong, with year-over-year growth still positive. However, proper pricing and presentation are key in markets where prices are softening. Move-in ready homes at the right price point continue to sell quickly.
Bottom Line
The Pasadena MD real estate market remains competitive but more balanced than a year ago. With 1.5 months of inventory, stable home values, and easing rates, fall presents opportunities for both buyers and sellers before winter’s seasonal slowdown.
If you’re considering buying or selling in Pasadena or greater Anne Arundel County, let’s connect to discuss how today’s trends align with your goals.