Markets › MD › Hagerstown

Hagerstown, MD housing market

Hagerstown, MD metro median sale price $339K in Sep 2026, up 6.2% year over year. Also days on market, price cuts, affordability and ZIP-code figures.

The median sale price in the Hagerstown, MD metro is $339K as of Sep 2026, up 6.2% from a year earlier. The gain is larger than in most of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a smaller change, up 0.9% through Q2 2026, 5.3 points apart; Price reconciliation below shows both.

Hagerstown has the lowest median sale price of the four Maryland metros Pecan Street tracks ($339K); Baltimore ($420K) is next. On median days on market, Hagerstown (46 days) ranks 3rd of the four Maryland metros, between Baltimore (46 days) and Lexington Park (44 days). On share of listings with a price cut, Hagerstown (37%) ranks 2nd of the four Maryland metros, between Baltimore (42%) and Lexington Park (36%).

Listings spent a median 46 days on market in Sep 2026, fewer than in most of the 385 metros. 37% of active listings carry a price cut, 4.8 points fewer than a year earlier. Median asking prices sit about 6% above the median sale price.

At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,856 a month; at 28% of gross income, that takes about $80K a year. The median sale price equals about 16 years of HUD Fair Market Rent, a ratio up 5.3% from a year earlier. That ratio is higher than in most of the 373 metros. Active listings ask a median $186 per square foot, up 1.4% from a year earlier.

In nine of the 12 ZIP codes in the table below, median list prices are higher than a year earlier; three are lower.

Headline

Median sale price

Sep 2026

$339K

+6.2% year-over-year

How it’s calculated

Rolling 3-month median sale price vs. same 3 months one year prior.

Mortgage rate

Oct 15, 2026

7.29%

30-year fixed

Where it comes from

National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.

The same rate appears on every market page.

Monthly payment

Principal & interest

$1,856/mo

$80K/yr income needed

How it’s calculated

Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.

Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.

How Hagerstown compares to other U.S. metros

Home-price growth	↑64th of 383 (top 17%)
Days on market	↓300th of 385
Price-to-rent	↑130th of 373 (top 35%)
Asking-vs-sale gap	151st of 292
Price cuts	189th of 385 (top 50%)

Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.

Affordability

Price-to-rent ratio	≈ 16 +5.3% YoY ↑130th of 373 (top 35%)
Asking price / sq ft	$186 +1.4% YoY

Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market pressure

Listings with a price cut	≈ 37% -4.8 pts YoY 189th of 385 (top 50%)

The median asking price $360K runs about 6% above the median sale price $339K.

Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. Asking is the median list price of active listings (Realtor.com, this month); sale is the headline median of recent closings (Redfin, a rolling 3-month median) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market facts

ZIPs with listing data	12 shown of 28
MLS board of record	—
Price methodology	Redfin vs FHFA HPI
Data as of	Sep 2026

Recent signals

No signals flagged for this market right now.

Price reconciliation

red · 5.3pp

Redfin (metro)

+6.2%

FHFA HPI · Q2 2026

+0.9%

Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.

More markets in MD

Baltimore Lexington Park Salisbury

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ZIP-level data

ZIP	Median list price	Active listings	New listings	Price reductions	Days on market	Home value
21713	$496K↑	30↑	8↓	16↑	62↑	$410K↑
21740	$300K↓	239↑	96↑	114↑	44↑	$288K↓
21742	$348K↓	133↑	54↓	56↑	50↑	$344K↑
25401	$291K↑	43↓	12↓	12↓	47↑	$256K↑
25403	$410K↓	83↓	38↑	26↓	46↑	$377K↑
25404	$334K↑	59↓	30↓	24↓	30↑	$289K↑
25405	$364K↑	41↓	20↓	12↓	47↑	$320K↑
25411	$437K↑	58↑	16↓	26↑	73↑	$317K↑
25413	$404K↑	48↑	30↑	18↑	46↑	$334K↑
25419	$404K↑	42	14↑	16↓	47↓	$319K↑
25427	$395K↑	70↓	36↓	18↓	33↓	$336K↑
25428	$371K↑	61↓	24↓	8↓	54↑	$324K↑

ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.