Published October 11, 2026 in Market Update

More homes are hitting the market, but buyers are still moving

By Beverly Stermer

Real estate, Primary market

The big news: more homes are available, and buyers are still showing up. That means pricing your home right matters more than it did a year ago.

The Real Estate Data Aggregator counted 171 homes for sale in ZIP 24401 in the three months ending August 31, 2026. That is up 36.8% from the same months of 2025. New listings jumped 47.6%, to 273 total. Buyers have more to choose from now.

This fits a national picture. The National Association of Realtors put U.S. months of supply at 4.9 months, the highest level in over ten years. Locally, the Real Estate Data Aggregator shows 3.8 months of supply in 24401, up 1 month from a year ago. More supply, but still tighter than the national number.

Buyers are not sitting still

Even with more homes on the market, demand held up. The Real Estate Data Aggregator counted 173 pending sales in 24401 for the three months ending August 31, 2026. That is up 16.9% from a year ago. Buyers are still making moves.

Prices are up, but sellers are giving a little less ground

The Real Estate Data Aggregator put the median sale price in 24401 at $355,790 for the three months ending August 31, 2026. That is up 14.3% from the same period in 2025. Prices are moving in the right direction for sellers.

Still, a few small signs say buyers have a bit more room to breathe. The average sale price as a share of list price was 99.6%, down 0.2 points from a year ago, according to the Real Estate Data Aggregator. The share of homes that sold above list price was 31.7%, down 5.3 points. Not every home is drawing a bidding war now.

Speed still matters. The Real Estate Data Aggregator found that 53.8% of homes in 24401 went under contract within two weeks of listing. That is down 4.3 points from a year ago, but still more than half of all homes. Well-priced homes are moving fast.

Mortgage rates are adding pressure for buyers

Freddie Mac put the average 30-year fixed rate at 7.40% as of October 8, 2026. The 15-year rate averaged 6.73%. Rates at this level make monthly payments feel heavier, which is one reason smart pricing matters so much right now.

Nationally, Realtor.com reported that mortgage rates reached their highest level in nearly three years, at 7.28%, as of October 8, 2026. CNBC noted rates hit above 7.5% that same week. That is real pressure on buyers' budgets.

What this means for you

For buyers: 24401 has more options than it did a year ago. Demand is still active, so moving thoughtfully, not slowly, is the play.

For sellers: prices are up 14.3% year over year, which is good news. But with 36.8% more homes competing for buyers, the right price from the start is what gets you to the closing table.

One more thing worth knowing: these numbers cover all of 24401. One street can read very differently from the ZIP code as a whole. A block with fewer listings, or one with a cluster of new ones, can shift the picture for your home.