The median home in Largo / Lake Arbor, MD (ZIP 20774) sold for $490,000 over the 12 months ended June 30, 2026, based on 620 closed residential sales in Bright MLS. The average sale price was $503,208, the median home went under contract in 35 days, and closed sales averaged 100.45% of list price. Against the same period a year earlier, the median sale price was 8.9% higher.
Source: Bright MLS, 620 closed residential sales, ZIP code 20774, Prince George’s County, MD, for the 12 months ended June 30, 2026. Retrieved 28 July 2026 by Carole Webb, Samson Properties. Year-over-year compares the median sale price with the 12 months ended June 30, 2025.
Largo and Lake Arbor posted the strongest price growth of any market on this site over the past year, and were the only one of the six where closed sales rose as well. The trade-off is time — the typical home took two and a half times longer to go under contract than a year earlier.
How this market is defined. Bright MLS lists most ZIP 20774 addresses under the postal city “Upper Marlboro,” even though residents know the area as Largo, Kettering or Lake Arbor. This report uses ZIP 20774 so the figures reflect the Largo area specifically. Because 20774 sits inside the wider Upper Marlboro postal city, these sales are also counted in the Upper Marlboro report.
Largo market at a glance, year over year
| Metric | 12 mo to 6/30/2026 | 12 mo to 6/30/2025 | Change |
|---|---|---|---|
| Closed sales | 620 | 538 | +15.2% |
| Median sale price | $490,000 | $450,000 | +8.9% |
| Average sale price | $503,208 | $468,923 | +7.3% |
| Median price per sq ft | $246.22 | $253.95 | -3.0% |
| Median days on market | 35 days | 14 days | +150.0% |
| Average days on market | 50 days | 28 days | +78.6% |
| Average list-to-sale ratio | 100.45% | 100.12% | +0.3% |
What these numbers mean if you are selling in Largo
The single most useful figure on this page for a seller is not the median price — it is the list-to-sale ratio paired with days on market. In Largo / Lake Arbor, MD (ZIP 20774), the median home sold for exactly its asking price and the average sale closed at 100.45% of list. That tells you the market will pay a correctly priced number. It also tells you it will not chase an incorrect one: the gap between the median 35 days on market and the average 50 days is the cost of overpricing, measured in weeks.
Days on market lengthened over the past year, from a median of 14 days to 35. Seller-paid closing cost assistance is now a routine part of the negotiation across Prince George’s County rather than an exception, and it should be priced into your net-proceeds expectation from the start rather than conceded late.
What these numbers mean if you are buying in Largo
At a median of $490,000 and $246.22 per finished square foot, Largo / Lake Arbor, MD (ZIP 20774) sits inside a county where price per square foot varies far more by condition and finish level than by street. The practical implication is that two homes with the same list price in this market can carry very different renovation liabilities—and the median property age here is 22 years means inspection findings, not comparable sales, are usually what decide whether a deal is good.
Because the typical home still sells at full asking price, waiting for a discount is rarely the winning strategy. Structuring the offer well — on closing help, timing, appraisal terms and inspection scope — is.
Frequently asked questions about the Largo real estate market
What is the median home price in Largo / Lake Arbor, MD (ZIP 20774)?
The median closed sale price in Largo / Lake Arbor, MD (ZIP 20774) was $490,000 over the 12 months ended June 30, 2026, across 620 closed residential sales recorded in Bright MLS. The average sale price was $503,208, and the median price per finished square foot was $246.22.
How long does it take to sell a home in Largo, MD?
The median home in Largo / Lake Arbor, MD (ZIP 20774) went under contract in 35 days over the 12 months ended June 30, 2026; the average was 50 days. A year earlier the median was 14 days and the average was 28 days, so homes are taking longer to sell than they did in the 12 months ended June 30, 2025. Averages run well above medians here because a small number of listings sit for many months and pull the average up.
Are home prices going up or down in Largo?
The median sale price moved from $450,000 in the 12 months ended June 30, 2025 to $490,000 in the 12 months ended June 30, 2026 — a change of +8.9%. The average sale price changed +7.3% and the median price per square foot changed -3.0%. Closed sales volume was +15.2%. Neighbourhood-level results vary widely inside these boundaries, so a market-wide figure is a starting point, not a valuation of any particular home.
Do homes in Largo sell for asking price?
On average, closed sales in Largo / Lake Arbor, MD (ZIP 20774) settled at 100.45% of list price over the 12 months ended June 30, 2026, with a median ratio of 100.00% — meaning the typical home sold for exactly its asking price. Seller-paid closing cost help was common: the median concession was recorded on a majority of sales in this market.
What is a typical home in Largo, MD?
The median home that closed in Largo / Lake Arbor, MD (ZIP 20774) over the 12 months ended June 30, 2026 had 3 bedrooms, 4.0 bathrooms and 1,950 finished square feet, with a median property age of 22 years. That is the middle of the range, not the whole of it — this market includes both modest townhomes and large detached houses.
Who is a REALTOR® who knows the Largo market?
Carole Webb is a licensed Maryland REALTOR® with Samson Properties and the 2026 President of the Prince George’s County Association of REALTORS®. She serves Largo and the surrounding Prince George’s County communities from an office at 16701 Melford Blvd, Bowie, MD 20715, and can be reached at 301-237-0445 or carolerwebb@yahoo.com.
Get a real number for your Largo home
Market medians describe a whole ZIP code. They do not describe your house. Carole Webb will walk your property, pull the comparable sales that actually match it, and give you a defensible price range — with no obligation.
Nearby market reports: Bowie · Upper Marlboro · Mitchellville · Glenn Dale · Largo & Lake Arbor · Lanham
Data note: Figures are compiled from Bright MLS closed residential sales and are believed reliable but are not guaranteed. They are not an appraisal and should not be relied on as one. © Bright MLS 2026.