Is Dundalk, 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, Dundalk has remained a Seller's Market.
Key Takeaway
Dundalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dundalk, MD
How much do homes in Dundalk, MD cost?
Median Sold Price
$224,333
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dundalk have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Dundalk was $224,333 in May 2024, up 5.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $191.2K | +15.9% |
| 3 Bedrooms | $214.5K | $225K | +4.9% |
| 4 Bedrooms | $272.5K | $275K | +0.9% |
| 5+ Bedrooms | $320K | $350K | +9.4% |
Summary: Dundalk 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 increased by 15.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Sparrows Point | $365K | $388K | +6.3% |
| Essex | $259.9K | $275K | +5.8% |
| Dundalk | $213.3K | $224.3K | +5.1% |
| Baltimore | $214.4K | $220K | +2.6% |
Housing Supply in Dundalk, MD
How many homes are available in Dundalk, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 156 | 176 | +12.8% |
Summary: The Dundalk real estate market had 176 homes for sale in May 2024, a 12.8% 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 | 23 | 27 | +17.4% |
| 3 Bedrooms | 102 | 108 | +5.9% |
| 4 Bedrooms | 26 | 33 | +26.9% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Dundalk 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 increased by 17.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 34 | -26.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dundalk, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Dundalk in May 2024, down by 26.1% month-over-month. Of the 34 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.
Days on Market for Dundalk, MD
How long does it take to sell a home in Dundalk, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +7.8% |
Summary: Homes in Dundalk had an average of 21 days on market in May 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dundalk are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Dundalk; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
