Rockville, MD 20854 Real Estate Market Report

ZIP Code: 20854
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the housing market in Rockville, MD is characterized by a median sold price of $1,273,000, reflecting a stable market with slight appreciation trends. The neighborhood has shown a flat price year-over-year trend, indicating a period of stability despite some fluctuations in local demand. This suggests that while prices are not experiencing significant growth, they are holding steady amidst a backdrop of elevated interest rate pressure, which may be affecting buyer sentiment and transaction volume.

The market currently exhibits elevated inventory levels relative to sales activity, with a median days on market of 196, indicating a slower sales velocity. This extended time frame for properties on the market may suggest a cautious approach from buyers, as they navigate the current economic landscape. Overall, the market temperature remains neutral, reflecting a balance between supply and demand, although the elevated inventory may create opportunities for discerning buyers.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median listing price stands at $1,665,000, indicating seller expectations that may not align with current buyer sentiment.

2. With a median days on market of 196, properties are experiencing slower sales velocity, suggesting a cautious market environment.

3. The median market rent has increased to $4,120, reflecting strong rental demand despite the overall price stability in the sales market.

4. Market temperature is neutral, indicating a balanced environment where neither buyers nor sellers have a distinct advantage.

5. The property tax rate is 0.87%, which may influence buyer affordability and overall market dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.