Photo: SlipperyDude · CC BY-SA 3.0107 homes sold in Lake Arbor in the last year, at a typical $479K
Most homes sold are condos. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lake Arbor homes are listed.
Every place Lake Arbor homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lake Arbor.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
9% of Lake Arbor’s sales are condos, at $391K less than a house
33 houses and 10 condos sold in the year to May 2026. Houses sell faster. Condos draw more bidding wars.
typical sale · 33 sold in 12 months
- Per square foot
- $204MD $239
- Days to sell
- 62
- Sold over asking
- 24%
- Listings with a price cut
- 28%
typical sale · 10 sold in 12 months
- Per square foot
- $248MD $234
- Days to sell
- 87
- Sold over asking
- 30%
- Listings with a price cut
- 19%
Townhouses: 64 sold, typical $447K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.8 times the 2016 price
107 sales in the last year, against 263 in 2021 and a low of 114 in 2025. The typical sale went from $270K in 2016 to $479K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Lake Arbor
Check a listing against what Lake Arbor homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lake Arbor are rarer than before the pandemic, with about as many homes for sale
We read every month of Lake Arbor’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 107 sales.
If you’re buying in Lake Arbor
- Shop in October. It brings about 19 new listings a month, close to the busiest month, with fewer bidding wars (34% over asking).
- Some room to negotiate. 20% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.6% of the list price on average; 26% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 60 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 21 a month), but April is the most competitive: 43% of April sales close over asking. October offers nearly as much choice with fewer homes bid up (34%). January has the least competition (29%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Maryland
| Lake Arbor now | 2017–19 | 2021 peak | MD now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 26% | 35% | 30% | 34% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 33% | 57% | 41% |
| Listings with a price cutShare of homes for sale that cut their price | 20% | 23% | 23% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 99.6% | 99.6% | 100.9% | 99.8% |
| Days to sellMedian days from listing to contract | 60 | 34 | 21 | 43 |
34 homes for sale on a typical day
That’s twice the 2020 low (18), about the 2017–19 level and well under 2012’s 51.
1 in 5 listings has cut its price
20% in the last year, against 23% in 2017–19 and 27% across Maryland.
Since 2019, houses are up 49%, condos 63%
A house typically sold for $664K in the last year (33 sales), a condo for $274K (10).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Lake Arbor ranks 152nd of 185 busy Maryland markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lake Arbor is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lake Arbor home costs about $2,959 a month
Price: Lake Arbor’s typical sale, last 12 months. Property tax at Lake Arbor’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lake Arbor is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 12.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $479K home, about $5,520 a year.
Taxes vs. neighborsSchools
The schools grade for Lake Arbor, from test results, graduation and how much students grow.
Schools in Lake ArborTypical commute
The average one-way trip to work for people who live in Lake Arbor.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Largo sells for less a square foot
The busier markets within 25 miles of Lake Arbor, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Kettering | 159 | $410K | $227 | 24% | 54 |
| Largo | 128 | $372K | $221 | 23% | 63 |
| Lake Arbor | 107 | $479K | $231 | 26% | 60 |
| Mitchellville | 81 | $503K | $225 | 33% | 66 |
| Summerfield | 67 | $392K | $243 | 43% | 53 |
| Glenarden | 58 | $448K | $238 | 36% | 50 |
| Springdale | 29 | $526K | $232 | 34% | 69 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lake Arbor, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Arbor. People who follow the town see it, and so do people comparing Lake Arbor with their own town. No commission, no listing fee.
Questions about buying a home in Lake Arbor
What do homes sell for in Lake Arbor, MD?
107 homes sold in the year to May 2026 at a typical $479K, $231 a square foot. Houses sold for about $664K, condos for about $274K.
Is Lake Arbor a buyer’s or seller’s market?
A balanced market: 40 homes were for sale in May 2026 and 10 sold, about 4 months of supply. Buyers paid 99.6% of asking on average, and 20% of listings cut their price.
When is the best time to buy in Lake Arbor?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake Arbor?
About 1.2% of a home’s value a year. On a $479K home that’s near $5,520.
Where can I see homes for sale in Lake Arbor?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Arbor’s MLS listings; the search links above open each one filtered to Lake Arbor.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).