Maryland · as of September 2026
What counts as luxury real estate in Maryland
The convention this site uses
In Maryland, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.
Maryland's luxury markets by home value
Zillow Home Value Index, typical middle-tier home, latest month.
| Market | Median value | Ranked agents |
|---|---|---|
| Gibson Island | $3,030,000 | 10 |
| Potomac | $1,351,000 | 10 |
| Chevy Chase | $1,210,000 | 11 |
| Bethesda | $890,000 | 13 |
| Easton | $484,000 | 10 |
| Annapolis | $480,000 | 11 |
| Baltimore | $225,000 | 10 |
What changes at this price in Maryland
Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.
- Transfer and mansion taxes
- Maryland charges a state transfer tax of 0.5 percent of the price, and counties add their own transfer taxes of up to 1.5 percent plus recordation taxes that vary by county, so a luxury sale in Baltimore City or Montgomery County carries well over 2 percent in combined charges. Source
- Agency and dual agency
- Maryland allows a broker to act as a dual agent only with the written consent of both buyer and seller, and the broker then assigns separate intra-company agents to represent each side. Source
- Seller disclosure
- Maryland sellers of residential property with one to four units must deliver the statutory Residential Property Disclosure and Disclaimer Statement, choosing either to disclose known defects or to sell as-is with a disclaimer. Source
- State estate or inheritance tax
- Maryland is the only state that levies both an estate tax and an inheritance tax. The estate tax applies above a $5 million exemption at rates up to 16 percent, and the inheritance tax is 10 percent on property passing to heirs other than spouses, descendants, parents, siblings, and certain other exempt relatives. Source