Mid-Atlantic Region Real Estate Report – February 2025
Data Source: Bright MLS Weekly Market Report, Week Ending April 4, 2025
Report Prepared by Square Feet Appraisals in Collaboration with Delaware Beaches Online
Market Overview
The Mid-Atlantic housing market showed signs of stabilization in March 2025. Prices are rising modestly, and listings are climbing.
| Metric | Mar 2025 | Mar 2024 | % Change |
|---|---|---|---|
| Closed Sales | 17,221 | 18,107 | -4.9% |
| Median Sold Price | $395,000 | $370,000 | +6.8% |
| Median Days on Market | 18 days | 17 days | +1 day |
| New Pending Sales | 21,916 | 23,040 | -4.9% |
| New Listings | 30,802 | 27,523 | +11.9% |
| Active Listings | 47,922 | 37,964 | +26.2% |
| Months of Supply | 2.79 | 2.10 | +0.69 months |
Regional Highlights
This data covers the entire Mid-Atlantic area, including Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia, and D.C.
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Inventory continues to climb, helping ease tight conditions.
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Price growth remains steady, favoring sellers.
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Buyer activity is softening slightly, likely due to mortgage rate fluctuations.
Market Breakdown by Property Type (All Mid-Atlantic)
| Property Type | Median Price | Change YoY | Days on Market | Change YoY |
|---|---|---|---|---|
| Detached Homes | $430,000 | +6.4% | 20 days | +2 days |
| Townhomes | $370,000 | +7.1% | 17 days | No change |
| Condos | $325,000 | +7.4% | 20 days | +3 days |
Key Insights
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Closed and pending sales declined, signaling a slightly more cautious buyer pool.
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More homes for sale. Active listings surged over 25%, giving buyers more options.
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Prices are still climbing, with the median price hitting $395,000.
Observations & Trends
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Spring listings surge. Sellers are getting back into the market, pushing new listings up nearly 12%.
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Competition remains, but less intense. Days on market are rising slightly, suggesting a more level playing field.
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Affordability is a concern. With rates and prices both up, first-time buyers may be pulling back.
Takeaway
The Mid-Atlantic market is shifting toward balance. Inventory is rising, giving buyers more room to negotiate. Sellers can still benefit from strong prices, but need to stay realistic and responsive to today’s more informed buyers.
Whether you’re buying or selling, this spring could be your window to make a move—without the frenzy.
