Is Gwynn Oak, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gwynn Oak has remained a Seller's Market.
Housing Prices in Gwynn Oak, MD
How much do homes in Gwynn Oak, MD cost?
Median Sold Price
$290,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gwynn Oak was $290,000 in May 2024, up 7.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $224.5K | $195K | -13.1% |
3 Bedrooms | $249.9K | $270K | +8.0% |
4 Bedrooms | $304.9K | $330K | +8.2% |
5+ Bedrooms | $336K | $380K | +13.1% |
Summary: Gwynn Oak housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
Windsor Mill | $284K | $319K | +12.3% |
Gwynn Oak | $270K | $290K | +7.4% |
Pikesville | $349.5K | $374.9K | +7.3% |
Catonsville | $377K | $400K | +6.1% |
Baltimore | $214.4K | $220K | +2.6% |
Housing Supply in Gwynn Oak, MD
How many homes are available in Gwynn Oak, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 110 | +0.9% |
Summary: The Gwynn Oak real estate market had 110 homes for sale in May 2024, a 0.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 52 | 45 | -13.5% |
4 Bedrooms | 28 | 33 | +17.9% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Gwynn Oak housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 26 | -16.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Gwynn Oak in May 2024, down by 16.1% month-over-month. Of the 26 sold homes, 23% were sold under asking, 19% were sold at asking, and 58% were sold over asking.
Days on Market for Gwynn Oak, MD
How long does it take to sell a home in Gwynn Oak, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 19 Days | -14.0% |
Summary: Homes in Gwynn Oak had an average of 19 days on market in May 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Gwynn Oak; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.