The median sale price for a home in the Annapolis, MD housing market is roughly $618,000 as of mid-2026. Homes are selling in about 28 days, and they're frequently closing just above asking price.

If you're trying to figure out what it actually costs to buy here, the citywide median is only part of the story. Prices shift considerably depending on whether you're looking at historic downtown zip codes or areas further out - and sizing up those numbers against the broader Maryland market is the only way to set a budget that reflects reality.

Current Home Prices in Annapolis, MD

The median sale price in Annapolis sits at approximately $618,000. That's the midpoint - half the homes sell for more, half for less. Listings are moving fast, with a median of 28 days on the market, and the average sale-to-list price ratio is running around 100.7%. In practical terms, that means a lot of properties close just over what the seller asked for.

Median vs. Average Pricing

The $618,000 median and the average home value aren't the same number. Zillow's recent estimates put the average home value in Annapolis at around $630,139 - pulled upward by luxury waterfront properties that can run well into the millions.

When you're budgeting, lean on the median. Averages are easy to distort, and a handful of multi-million-dollar waterfront estates can make the typical buyer's market look more expensive than it is.

Comparing Annapolis to Maryland and Anne Arundel County

Annapolis carries a real premium over the rest of the state. The statewide Maryland median sale price is roughly $448,407 - about $170,000 below the Annapolis figure. Anne Arundel County as a whole sits closer to $475,000. Expand your search toward the Baltimore Metro area, and you'll find medians that generally hover around $400,000 for single-family homes and condos combined.

Annapolis Housing Costs by Zip Code and Size

Location moves the number a lot within Annapolis. The city spans several distinct zip codes, and each one prices differently.

The 21401 zip code, covering parts of Parole and surrounding neighborhoods, has an average home value of approximately $520,801. The 21409 zip code comes in higher, at around $593,172. For areas like Eastport or Murray Hill - which fall in adjacent zip codes like 21403 - localized data can be harder to track down, but you should expect pricing in historic or water-adjacent neighborhoods to run above the broader city median.

Price Per Square Foot

The median sale price per square foot in Annapolis is approximately $352. It's a useful number because it lets you compare homes of different sizes on something closer to equal footing.

That figure has been trending upward over the past few years, which pushes buyers to think more carefully about how much space they actually need. If you're evaluating a specific listing, measuring it against the $352 baseline will tell you quickly whether the asking price is in line with the neighborhood or not.

Prices by Home Size and Bedroom Count

Bedroom count and square footage move the final price significantly. A two-bedroom condo will generally land well below the $618,000 median; a four-bedroom detached house will likely exceed it.

If you're considering new construction, building in Maryland involves costs that don't show up in resale data. Land, materials, and labor tend to push the price per square foot higher than that $352 resale median.

Annapolis Real Estate Market Trends for 2026

After years of sharp appreciation, the Annapolis market has settled into something closer to equilibrium. Year-over-year median sale prices are down about 1.1%, which is how you get to the current $618,000 figure.

That said, inventory is still tight. There are roughly 144 homes on the market, representing a 2.9-month supply. About 40% of homes are still selling above list price, so "stabilized" doesn't mean easy for buyers.

Are Home Prices Dropping in Maryland?

Statewide, Maryland home values have been roughly flat over the past year - Zillow reports a minor 0.1% increase. The 1.1% dip in Annapolis is a localized softening, not a collapse.

With less than three months of supply on the market, a significant price correction isn't in the near-term picture. If you're sitting on the sidelines waiting for prices to fall, you may be waiting a long time while inventory stays this restricted.

Budgeting for an Annapolis Purchase

The $618,000 median is where the conversation starts, not where it ends. Property taxes, insurance, closing costs, and your down payment all have to fit into the same picture before you can really answer whether Annapolis works for your budget.

Exact salary requirements shift depending on your down payment size and where interest rates are at closing. What's consistent is that purchasing near the Annapolis median requires a strong household income. Run your debt-to-income ratio carefully before you're in the middle of a multiple-offer situation.

The 3-3-3 Rule for Home Buying

The 3-3-3 rule is a straightforward way to pressure-test affordability against a specific price point. It says you should save 30% of the home's price - with 20% going toward the down payment and 10% set aside for closing and maintenance costs.

The rule also puts a ceiling on home price at three times your gross annual income, and caps your monthly mortgage payment at 30% of your gross monthly income. Running those numbers against a $618,000 home gives you a concrete sense of what you'll need in both cash savings and annual income before you start writing offers.

Frequently Asked Questions

What is the average price of a house in Annapolis, MD right now?

The median sale price for a home in Annapolis is roughly $618,000 as of mid-2026. Average home values sit slightly higher, around $630,139, due to the influence of high-end waterfront properties.

What salary do I need to afford an average-priced home in Annapolis?

It depends on your down payment and interest rate, but applying the 3-3-3 rule suggests the home price should not exceed three times your gross annual income. For a $618,000 median home, that guideline points to a household income of roughly $206,000.

Which Annapolis neighborhoods offer the best home prices for first-time buyers?

Buyers often look to the 21401 zip code, which includes parts of Parole, where average home values sit around $520,801. That's notably lower than the $593,172 average found in the 21409 zip code.

How do home prices in Annapolis compare to surrounding areas like Edgewater or Severna Park?

Annapolis generally commands a premium compared to the broader Anne Arundel County median of $475,000. Waterfront access and historic appeal tend to keep Annapolis prices higher than many neighboring towns.

What extra costs or fees should I expect when buying a waterfront or historic home in Annapolis?

Budget for flood insurance if the property is on the water, and factor in potential preservation board fees or specialized maintenance costs for historic homes. These properties often push the price per square foot well above the city's $352 median.

Are home prices in Annapolis dropping, or is it still a seller's market?

It remains a seller's market, despite a slight 1.1% year-over-year dip in the median sale price. With only 2.9 months of supply and homes selling in a median of 28 days, buyers are still competing.